Full paper pdf: http://sam-d.si/wp-content/uploads/2018/01/DRMJ-vol06-no02-2017-01.pdf
DOI:
10.17708/DRMJ.2017.v06n02a01
Avtor(ji):
Povzetek:
The aim of this study is to investigate the impact of owner`s characteristics (strong social ties, weak social ties, and entrepreneurial self-efficacy) and firm’s characteristics (legal status, firm age, and tangibility of assets) on small firm financing in terms of bank loans and trade credits. Based on a sample of 497 respondents and using structural equation modeling, research results show that weak social ties, legal status, and tangibility of assets are significantly related to small firm bank financing, whereas strong and weak social ties, entrepreneurial self-efficacy, and legal status are significantly related to trade credit use. Results also show that bank financing and trade credits are significantly related to firm growth. The paper contributes to a better understanding of determinants that are important when entrepreneurs apply for external financial resources.
Strani:
3-16