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VERSION:2.0
PRODID:-//AMSE//Event Calendar//FR
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UID:event-8005@www.amse-aixmarseille.fr
DTSTAMP:20260430T130816Z
CREATED:20260430T130816Z
LAST-MODIFIED:20260430T130816Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:finance seminar - Kate Phylaktis
DTSTART:20210330T123000Z
DTEND:20210330T123000Z
DESCRIPTION:This study uses firm level survey data to assess whether the ca
 pital structure theory is portable to small firms in developing countries a
 nd whether country characteristics play a role in their financing decisions
 . Using a sample of both small companies and large firms from 24 developing
  countries covering all regions of the world\, our main results show (i) Th
 e size of the firm is an important factor in the level of leverage\; (ii) P
 rofitability has no bearing in the capital structure decisions of small fir
 ms in contrast to large firms\, and thus do not follow the pecking order\;(
 ii) The country of incorporation is an important determinant for the debt f
 inancing decisions of small firms\; (iv) The financing decisions of small f
 irms are sensitive to institutional characteristics\, and the macroeconomic
  and financial environment variables of the country\; and (v) The impact of
  these variables varies with the size of the firm.\\n\\nContact: Eric Girar
 din : eric.girardin[at]univ-amu.frChristelle Lecourt : christelle.lecourt[a
 t]univ-amu.fr\n\nPlus d'informations: https://www.amse-aixmarseille.fr/fr/e
 venements/kate-phylaktis
LOCATION:Îlot Bernard du Bois
URL;VALUE=URI:https://www.amse-aixmarseille.fr/fr/evenements/kate-phylaktis
CONTACT:Eric Girardin : eric.girardin[at]univ-amu.frChristelle Lecourt : ch
 ristelle.lecourt[at]univ-amu.fr
TRANSP:OPAQUE
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