Capital Growth, Financing Journal: Small Business Economics
AbstractThis paper examines the relationship between profitability and financial capital for 1,276 small firms in Taiwan over the period 1992-97. The results indicate a statistically positive relationship between profitability and capital growth. When financial capital is further divided into debt and equity, the results indicate a significantly positive relationship between profitability and equity financing, but a significantly negative relationship between profitability and debt financing. Moreover, the profitability of small firms is positively related to both the external economic conditions and the firms' previous profitability. Copyright 2002 by Kluwer Academic Publishers
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Bibliographic InfoArticle provided by Springer in its journal Small Business Economics.
Volume (Year): 18 (2002)
Issue (Month): 4 (June)
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Web page: http://www.springerlink.com/link.asp?id=100338
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- Wim NaudÃ©, 2010.
"Peace, Prosperity, and Pro-Growth Entrepreneurship,"
- Naude, Wim, 2007. "Peace, Prosperity, and Pro-Growth Entrepreneurship," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
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