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001 6080915060447
003 OSt
005 20190211181651.0
008 160809s2015 xx ||||gr |0|| 0 eng d
100 1 _aPACHECO, L.
_954633
245 1 0 _aCapital structure determinants of Portuguese footwear sector SMEs :
_bEmpirical evidence using a panel data
260 _aBarcelos :
_bIPCA,
_cjul./dec. 2015
520 3 _aThe main objective of this paper is to study the capital structure determinants of SMEs in the footwear industry and their indebtedness. Using panel data methodology and considering a sample of 70 firms we study the capital structure determinants between 2010 and 2013. The paper examines the indebtedness level in light of the two main theories --- the Trade-off
520 3 _atheory and the Pecking Order theory and we chose the footwear sector because of its importance in the Portuguese economy. In addition to total indebtedness we extend the literature by analyzing the differences between short-term and long-term indebtedness and the impact of the presence in foreign markets on debt structure. The results suggest that profitability, growth, total liquidity, risk and presence in foreign markets are key factors affecting the capital structure of footwear firms and that Pecking Order theory seems more suited to those firms
700 1 _aTAVARES, F
_954634
773 0 8 _tTékhne-Revista de Estudos Politécnicos = Polytechnical Studies Review
_g13, 2, p. 145-157
_dBarcelos : IPCA, jul./dec. 2015
_xISSN 16459911
_w
856 4 2 _uhttp://ac.els-cdn.com/S1645991115300050/1-s2.0-S1645991115300050-main.pdf?_tid=ba4b6e44-5e5b-11e6-a08e-00000aacb35e&acdnat=1470766054_c52af58d3442c53d3941c98cf0a94329
_yAcesso
942 _cS
998 _a20160809
_b1506^b
_cAna
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c50979
_d50979
041 _aeng