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The influence of entrepreneur’s characteristics on small manufacturing firm debt financing


  • Slavec, Alenka
  • Prodan, Igor


This paper investigates how entrepreneur’s characteristics determine debt financing of small manufacturing firms. In particular, we investigate the influence of entrepreneurial self-efficacy, strong and weak social ties, gender, age, and entrepreneur’s educational level on small firm debt financing. Research results show that small firm debt financing is determined by weak and strong social ties, entrepreneurial self-efficacy, and entrepreneur’s educational.

Suggested Citation

  • Slavec, Alenka & Prodan, Igor, 2012. "The influence of entrepreneur’s characteristics on small manufacturing firm debt financing," Journal of East European Management Studies, Rainer Hampp Verlag, vol. 17(1), pages 104-130.
  • Handle: RePEc:rai:joeems:doi_10.1688/1862-0019_jeems_2012_01_slavec

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    debt; financing; entrepreneurial self-efficacy; social ties; education level;

    JEL classification:

    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J28 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Safety; Job Satisfaction; Related Public Policy
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • P20 - Economic Systems - - Socialist Systems and Transition Economies - - - General
    • P31 - Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions


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