caa a22 4500 467994021 CHVBK 20180323112552.0 cr unu---uuuuu 170328e19900901xx s 000 0 eng 10.1007/BF00389531 doi (NATIONALLICENCE)springer-10.1007/BF00389531 Norton Edgar Department of Economics and Finance S. J. Silberman College of Business Administration, Fairleigh Dickinson University, 285 Madison Avenue, 07940, Madison, New Jersey, USA aut Similarities and differences in small and large corporation beliefs about capital structure policy [Elektronische Daten] [Edgar Norton] Theoretical researchers posit many factors that affect a firm's capital structure decisions. Theory also suggests that these influences will have different impacts on small and large firms. However, empiricists face difficulties in testing these hypotheses due to problems of quantifying the motivations, expectations, and preferences prevalent in the various theories. To test some of the strands of theory and to determine differences between small and large corporation capital structure beliefs, a survey was sent to financial managers of 405 small corporations; 27% of the surveys were completed and returned. By comparing the results of this survey to those of previously published large corporation surveys, similarities (e.g., belief in a financing pecking order, little belief in the importance of bankruptcy costs, agency costs, and information asymmetries) and differences (e.g., less reliance by small firms on target debt ratios, greater preference for zero debt by the small firms) were identified. Kluwer Academic Publishers, 1990 Small Business Economics Kluwer Academic Publishers 2/3(1990-09-01), 229-245 0921-898X 2:3<229 1990 2 11187 https://doi.org/10.1007/BF00389531 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF00389531 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Norton Edgar Department of Economics and Finance S. J. Silberman College of Business Administration, Fairleigh Dickinson University, 285 Madison Avenue, 07940, Madison, New Jersey, USA aut NATIONALLICENCE 773 0- Small Business Economics Kluwer Academic Publishers 2/3(1990-09-01), 229-245 0921-898X 2:3<229 1990 2 11187 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer