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Capital Structure on Portuguese SMEs: the role of innovation and internationalization during financial crisis

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Abstract(s)

The most recent international financial crisis has hit the heart of european countries, especially peripheral ones, with impact on the financial system liquidity and its ability to lend to companies. Especially for small and medium-sized enterprises (SMEs) operating in a bank-based system such as in Portugal, this scenario might not only modify the way firms use debt but also their business strategies related with innovation and internationalization have been seen as fundamental practices to contribute to firm's competitiveness and business diversification. However, little is known about the capacity of firms to finance these types of activities...

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Dissertação de Mestrado Métodos de Apoio à Decisão Empresarial

Keywords

capital structure leverage crisis innovation internationalization

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Instituto Politécnico do Porto. Escola Superior de Tecnologia e Gestão

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