SMEs capital structure: trade-off or pecking order theory: a systematic review

LB Martinez, V Scherger, MB Guercio - Journal of Small Business and …, 2019 - emerald.com
Purpose The purpose of this paper is to organize and present the literature related to firm's
capital structure across the years and find the most relevant publications and authors in the …

The effect of capital structure on profitability and stock returns: Empirical analysis of firms listed in Kompas 100

T Chandra, AT Junaedi, E Wijaya, S Suharti… - Journal of Chinese …, 2019 - emerald.com
Purpose The purpose of this study is to examine the factors that influence capital structure,
profitability and stock returns and the relationship between capital structure, profitability and …

[PDF][PDF] Determinants of financing decisions of SMEs: evidence from hotel industry

A Mueller, L Sensini - International Journal of Business and …, 2021 - researchgate.net
This paper intends to analyze the determinants of hotel SMEs' capital structure, using the
theoretical reference framework and the main indicators suggested by the Trade-off and the …

Lending technologies and access to finance for SMEs in the hospitality industry

V Motta, A Sharma - International Journal of Hospitality Management, 2020 - Elsevier
Abstract Small and Medium-Sized Enterprises (SMEs) in the hospitality industry play a
pivotal role in local economic development. However, lack of adequate access to financing …

Entrepreneurs' human capital resources and tourism firm sales growth: A fuzzy-set qualitative comparative analysis

A Kallmuenzer, R Baptista, S Kraus, AS Ribeiro… - Tourism Management …, 2021 - Elsevier
New private tourism firms play a key role in promoting local and national wealth creation.
Building upon insights from entrepreneurial motivation and human capital theories, in this …

The role of capital structure management in maintaining the financial stability of hotel firms during the pandemic—A global investigation

LTM Nguyen, D Le, KT Vu, TK Tran - International journal of hospitality …, 2023 - Elsevier
Due to the detrimental effects of the Covid-19 pandemic on the hotel sector, pandemic crisis
management research has received lots of academic attention, from studies in sales …

Formal and informal SME financing in the restaurant industry: The impact of macroenvironment

MS Lin, HJ Song, A Sharma, S Lee - Journal of Hospitality and Tourism …, 2020 - Elsevier
In recognition of the significance of external business environments for small to medium-
sized enterprises (SMEs), this study examines the relationship between macroenvironments …

Determinants of capital structure in the hospitality industry: Impact of clustering and seasonality on debt and liquidity

M Sikveland, J Xie, D Zhang - International Journal of Hospitality …, 2022 - Elsevier
Volatile seasonal demand and geographic clustering of firms are two important factors
affecting the capital structure of hospitality firms. In this paper, we investigate the capital …

Solvency risk and corporate performance: A case study on European retailers

A Horobet, SC Curea, A Smedoiu Popoviciu… - Journal of Risk and …, 2021 - mdpi.com
This paper proposes a new approach toward understanding the financial performance
dynamics in the EU retail sector (pre-pandemic); we focus on the connection between …

Research on corporate indebtedness determinants: A case study of Visegrad group countries

D Gajdosikova, K Valaskova, T Kliestik, M Kovacova - Mathematics, 2023 - mdpi.com
Debt financing is arguably the most important source of external financing for enterprises
and has become popular in recent years. Corporate debt is related to the monitoring of …