Using panel data models and two research sub-samples composed of smaller and larger VC-backed, this study seeks to analyze the relationship between investment and internal cash flows. The results indicate that the investment sensitivity to internal cash flows is greater in larger than in the smaller VC-backed SMEs. Debt is more important for smaller than for larger VC-backed SME investment. The moderation effect of VC ownership reduces the magnitudes of the positive impact of cash flows and debt as well as the negative effect of growth opportunities on investment in both smaller and larger VC-backed SMEs
This paper uses a panel of 24,184 UK firms over the period 1993–2003 to study the extent to which th...
Numerous studies have discussed that small and medium enterprises (SMEs) are financially more constr...
Purpose – The paper presents comprehensive evidence on the relationship between Working Capital Mana...
This paper investigates the effects of debt, firm size and liquidity on internal resources as well a...
This study analyses the effect of firm characteristics and governance mechanisms on cash holdings fo...
While a vast literature exists examining the link between firm investment and cash flow, few studies...
Numerous studies have discussed that even if fundamental for innovation and economic growth, SMEs ar...
The aim of the paper is two-fold. First, we pretend to analyze the investment sensitivity to interna...
In the last two decades, a renewed interest about the influence of financial factors on a firm’s cap...
In this study we investigate whether the investment determinants of new SMEs differ from those of ex...
Numerous studies have discussed that small and medium enterprises (SMEs) are financially more constr...
This paper investigates whether investment spending of firms is sensitive to the availability of int...
The paper presents comprehensive evidence on the relationship between working capital management (WC...
Numerous studies have discussed that small and medium enterprises (SMEs) are financilly more constra...
Numerous studies have discussed that small and medium enterprises (SMEs) are financially more constr...
This paper uses a panel of 24,184 UK firms over the period 1993–2003 to study the extent to which th...
Numerous studies have discussed that small and medium enterprises (SMEs) are financially more constr...
Purpose – The paper presents comprehensive evidence on the relationship between Working Capital Mana...
This paper investigates the effects of debt, firm size and liquidity on internal resources as well a...
This study analyses the effect of firm characteristics and governance mechanisms on cash holdings fo...
While a vast literature exists examining the link between firm investment and cash flow, few studies...
Numerous studies have discussed that even if fundamental for innovation and economic growth, SMEs ar...
The aim of the paper is two-fold. First, we pretend to analyze the investment sensitivity to interna...
In the last two decades, a renewed interest about the influence of financial factors on a firm’s cap...
In this study we investigate whether the investment determinants of new SMEs differ from those of ex...
Numerous studies have discussed that small and medium enterprises (SMEs) are financially more constr...
This paper investigates whether investment spending of firms is sensitive to the availability of int...
The paper presents comprehensive evidence on the relationship between working capital management (WC...
Numerous studies have discussed that small and medium enterprises (SMEs) are financilly more constra...
Numerous studies have discussed that small and medium enterprises (SMEs) are financially more constr...
This paper uses a panel of 24,184 UK firms over the period 1993–2003 to study the extent to which th...
Numerous studies have discussed that small and medium enterprises (SMEs) are financially more constr...
Purpose – The paper presents comprehensive evidence on the relationship between Working Capital Mana...