Financing of small and medium sized enterprises  (SMEs) and the determinants of their capital structure

Drbali, Imane; Benzazoua Bouazza, Asma (Encadreur)

dc.contributor.author	Drbali, Imane
dc.contributor.author	Benzazoua Bouazza, Asma (Encadreur)
dc.contributor.editor	ESC
dc.date.accessioned	2023-11-08T09:42:23Z
dc.date.available	2023-11-08T09:42:23Z
dc.date.issued	2021-06-01
dc.identifier.other	MAS/1116
dc.identifier.uri	http://dspace.esc-alger.dz:8080/xmlui/handle/123456789/513
dc.description.abstract	In our study we investigate the determinants of capital structure of the Algerian SMEs using a sample of 50 SME, observed during the period between 2016 and 2019. In order to explain the total-debt ratio (TD) and the short-term debt ratio (STD), we used the Tobit model under panel data as an estimation method for the two models, the results show a significant relationship between profitability, liquidity ,tangibility of assets, size, non-debt tax shield ,age and the SMEs level of leverage ( TD and STD). These results confirm the predictions of the pecking-order theory.	en_US
dc.language.iso	en	en_US
dc.subject	SMEs	en_US
dc.subject	capital structure	en_US
dc.subject	funding	en_US
dc.subject	debt ratio	en_US
dc.title	Financing of small and medium sized enterprises (SMEs) and the determinants of their capital structure	en_US
dc.type	Thesis	en_US