Optimizing the capital structure of the U.S. small businesses in the midst of the financial crises – the case of California
Optimizing the capital structure of the U.S. small businesses in the midst of the financial crises – the case of California

Summary/Abstract: Finding the optimal enterprise capital structure and understanding the access of firms to finance, particularly in the process of financing small enterprises have been of great importance. Small enterprises face numerous problems in accessing external funds. They tend to be bank dependent. Obtaining the optimal capital structure is challenging – especially in the midst of financial crises. This paper is concerned with the capital structure in the U.S. small enterprises and its tendencies towards fluctuation. The data and statistical analysis derived from the empirical research and empirical study that was done in California are discussed. The paper presents the literature review on the capital structure and its theories. Moreover, there is a presentation and analysis of the association between particular empirical research questions regarding the capital structure, financing preferences and other important qualitative factors.

• Details
• Contents