Debt financing and firm performance: an empirical study based on Swedish data
Abstract
Purpose – The purpose of this study is to examine the relationship between debt level and performance among small and medium-sized enterprises (SMEs). Design/methodology/approach – Unlike the vast majority of previous research, this study uses three-stage least squares (3SLS) and fixed-effects models to analyse a comprehensive, cross-sectoral sample of 15,897 Swedish SMEs operating in five industry sectors during the 2009-2012 period. Findings –...
Paper Details
Title
Debt financing and firm performance: an empirical study based on Swedish data
Published Date
Jan 12, 2015
Journal
Volume
16
Issue
1
Pages
102 - 118
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