[PDF] Top 20 Capital structure and internationalization: The case of Portuguese industrial SMEs.

... diversification and leverage, we fail to obtain any significant relation, a result also obtained by Low and Chen ...replacing the variables XOE and XIE by dummy variables characterizing ... See full document

... mobilize the necessary resources for the internationalization ...from the idea that minimum levels of internal liquidity or access to external credit are necessary to finance the ... See full document

... in the survey, respondents were also asked whether they considered their firm to innovate (in general ...did. Of these, 164 chose some sources of innovation from a given ...list. The two most ... See full document

... on the data set and on the methodology we use to examine the determinants of firms’ capital ...from Portuguese firms, which allows us to consider in our analysis ... See full document

... to the Trade-off theory there is a positive rela- tionship between asset tangibility and indebtedness, where the greater the tangible asset value the greater the indebt- edness ... See full document

... losing the control of the ...companies and joint-ventures may be a suitable way to circumvent ...risks and high cultural differences in the target market, joint-ventures are one ... See full document

... firms’ capital structure but also call for further ...to the industry and bank managers, allowing to consider problems in terms of access to credit and capture the role ... See full document

... Although the concept is not new in financial circles, Credit Guarantees only became a fully functioning reality in Portugal in 2002, despite being created in ...transformations and developments leading to ... See full document

... situation: the firm has two different investment projects, both having the same systematic risk, but different ...variances. The first has a 50/50 chance of yielding an en-of-period ... See full document

... irrelevant. The Bank of Portugal argues that SMEs usually use more short-term ...debt. The results suggest that banks do not take into account a firm’s size in their decision to give ... See full document

... type of possible alliances, companies, mainly SMEs, have taken the goal to improve their non-well made areas or acquire new resources or competences that did not ...Lu and Beamish (2001) ... See full document

... on the firm’s international expansion strategy. At the beginning of this stage, the firm did not predict having such a strong expansion ...overall. The broad expansion was a reaction to ... See full document

... lot of similarities were found in the answers from our ...some of the factors that contributed to develop a resilient organizational climate are from a strategic and financial level, ... See full document

... study of Oparaocha (2015) illustrates the differences and interconnections between the three main perspectives of network research in IB: (i) social networks (individuals, family, ... See full document

... how the structural and behavioural determinants influence the internationalization of production through FDI by industrial districts’ firms using as data 199 Italian ... See full document

... analyze the relation between barriers to energy efficiency and the driving forces that could overcome those barriers, we calculated the Spearman Rank Correlation ...Coefficient. The ... See full document

... 25 The external sustainability approach basically adjusts the real exchange rate in order to stabilize the net foreign assets level on the assumption of the medium-term economy ... See full document

... In the face of fierce market competition, various risks and discriminations caused by policies and systems, many private enterprises have to lower the wage level in order to survive ... See full document

... family and non- family ...0). The intention is, therefore, to analyze if family ownership has a negative relationship to international diversification and export-intensity and whether or not ... See full document

... added the firms will have? To answer this question we have checked that the tax rate for interest and for dividend were equal to 20% until 2009 and have increased to ...from the Tax  ... See full document