{"id":"https://openalex.org/W2096932889","doi":null,"title":"Capital structure and financing of SMEs : empirical evidence from Ghana and South Africa","display_name":"Capital structure and financing of SMEs : empirical evidence from Ghana and South Africa","publication_year":2007,"publication_date":"2007-12-01","ids":{"openalex":"https://openalex.org/W2096932889","mag":"2096932889"},"language":"en","primary_location":{"id":"pmh:oai:scholar.sun.ac.za:10019.1/21522","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10019.1/21522","pdf_url":"http://hdl.handle.net/10019.1/21522","source":{"id":"https://openalex.org/S4306400300","display_name":"SUNScholar (Stellenbosch University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I26092322","host_organization_name":"Stellenbosch University","host_organization_lineage":["https://openalex.org/I26092322"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Thesis"},"volume":null,"type":"dissertation","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://hdl.handle.net/10019.1/21522","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5068431678","display_name":"Joshua Yindenaba Abor","orcid":"https://orcid.org/0000-0002-3424-7760","observed_orcids":["https://orcid.org/0000-0002-3424-7760"]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Joshua Yindenaba Abor","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-3424-7760","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5068431678"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":11,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.7445999979972839,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.7445999979972839,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12544","display_name":"Working Capital and Financial Performance","score":0.1729000061750412,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.04149999842047691,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/small-and-medium-sized-enterprises","display_name":"small and medium-sized enterprises","score":0.8700000047683716},{"id":"https://openalex.org/keywords/capital-structure","display_name":"capital structure","score":0.9559999704360962},{"id":"https://openalex.org/keywords/sme-financing","display_name":"SME financing","score":0.9350000023841858},{"id":"https://openalex.org/keywords/bank-financing","display_name":"bank financing","score":0.8149999976158142},{"id":"https://openalex.org/keywords/debt-financing","display_name":"debt financing","score":0.7540000081062317},{"id":"https://openalex.org/keywords/corporate-governance","display_name":"corporate governance","score":0.9470000267028809},{"id":"https://openalex.org/keywords/agency-theory","display_name":"agency theory","score":0.8379999995231628},{"id":"https://openalex.org/keywords/institutional-blockholders","display_name":"institutional blockholders","score":0.9399999976158142},{"id":"https://openalex.org/keywords/sme-performance","display_name":"SME performance","score":0.5789999961853027},{"id":"https://openalex.org/keywords/ghana","display_name":"Ghana","score":0.5329999923706055},{"id":"https://openalex.org/keywords/south-africa","display_name":"South Africa","score":1.0}],"concepts":[{"id":"https://openalex.org/C149933338","wikidata":"https://www.wikidata.org/wiki/Q950816","display_name":"Capital structure","level":3,"score":0.5252938866615295},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5030476450920105},{"id":"https://openalex.org/C166052673","wikidata":"https://www.wikidata.org/wiki/Q83021","display_name":"Empirical evidence","level":2,"score":0.43571770191192627},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.4284099340438843},{"id":"https://openalex.org/C47768531","wikidata":"https://www.wikidata.org/wiki/Q1127188","display_name":"Development economics","level":1,"score":0.33640557527542114},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3066128194332123},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:scholar.sun.ac.za:10019.1/21522","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10019.1/21522","pdf_url":"http://hdl.handle.net/10019.1/21522","source":{"id":"https://openalex.org/S4306400300","display_name":"SUNScholar (Stellenbosch University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I26092322","host_organization_name":"Stellenbosch University","host_organization_lineage":["https://openalex.org/I26092322"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Thesis"},{"id":"mag:2096932889","doi":null,"is_oa":false,"landing_page_url":"http://scholar.sun.ac.za/bitstream/handle/10019.1/21522/Abor_Capital_2007.pdf?sequence=1","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":{"id":"pmh:oai:scholar.sun.ac.za:10019.1/21522","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10019.1/21522","pdf_url":"http://hdl.handle.net/10019.1/21522","source":{"id":"https://openalex.org/S4306400300","display_name":"SUNScholar (Stellenbosch University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I26092322","host_organization_name":"Stellenbosch University","host_organization_lineage":["https://openalex.org/I26092322"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Thesis"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.7825999855995178}],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320306084","display_name":"U.S. Department of Energy","ror":"https://ror.org/01bj3aw27"},{"id":"https://openalex.org/F4320320226","display_name":"Overseas Development Institute","ror":"https://ror.org/02res4f29"}],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2096932889.pdf","grobid_xml":"https://content.openalex.org/works/W2096932889.grobid-xml"},"referenced_works_count":28,"referenced_works":["https://openalex.org/W1495656322","https://openalex.org/W1508531630","https://openalex.org/W1514845449","https://openalex.org/W1544146647","https://openalex.org/W1546993880","https://openalex.org/W1970676817","https://openalex.org/W1978915714","https://openalex.org/W2030663533","https://openalex.org/W2037604977","https://openalex.org/W2040743687","https://openalex.org/W2053085261","https://openalex.org/W2055749379","https://openalex.org/W2089052482","https://openalex.org/W2090681977","https://openalex.org/W2110120163","https://openalex.org/W2124597406","https://openalex.org/W2124701251","https://openalex.org/W2132453464","https://openalex.org/W2142856961","https://openalex.org/W2143841915","https://openalex.org/W2144687916","https://openalex.org/W2170790204","https://openalex.org/W2171798971","https://openalex.org/W2752617332","https://openalex.org/W3121131820","https://openalex.org/W3123142049","https://openalex.org/W3123906439","https://openalex.org/W3124114405"],"related_works":["https://openalex.org/W7111190342","https://openalex.org/W1482329491","https://openalex.org/W7038434725","https://openalex.org/W4401641073","https://openalex.org/W2117315062","https://openalex.org/W7111124752","https://openalex.org/W2954679838","https://openalex.org/W7220393245","https://openalex.org/W1598173479","https://openalex.org/W2986440291"],"abstract_inverted_index":{"This":[0],"thesis":[1],"is":[2,85,168],"made":[3],"of":[4,13,40,59,70,77,89,93,99,114,117,132,144,156,197,214,222,232,251,280,291,314,321,350,371],"stand-alone":[5],"essays":[6],"on":[7,27,240,261,266],"the":[8,37,71,74,82,94,100,112,141,157,193,203,220,248,281,289,297,319,341,347,368],"capital":[9,38,75,108,348],"structure":[10,349],"and":[11,15,21,32,44,68,80,91,97,154,188,195,211,225,264,276,278,295,332,346],"financing":[12,116,125,199,216,242,301,337],"Small":[14],"Medium":[16],"Enterprises":[17],"(SMEs)":[18],"in":[19,30,46,105,119,293,353],"Ghana":[20,31,294],"South":[22,33,354],"Africa.Chapter":[23,34],"Two":[24],"reviews":[25],"issues":[26],"SME":[28,205],"development":[29],"Three":[35],"compares":[36],"structures":[39,76,309,325],"large,":[41],"quoted":[42,51,78,351],"firms":[43,52,79,258,359],"SMEs":[45,118,292,334,352],"Ghana.The":[47,120],"results":[48,61,121,147,207,235,254,269,303,356],"show":[49,148,236,270],"that":[50,63,87,123,149,237,305,318,358],"exhibit":[53],"higher":[54],"debt":[55,134,176],"ratios":[56],"than":[57,129,375,379],"those":[58,376],"SMEs.The":[60,315],"suggest":[62,255],"age,":[64,150],"size,":[65,151,182,277],"asset":[66,152],"structure,":[67],"profitability":[69,167],"firm":[72,101,158],"affect":[73],"SMEs.For":[81],"SME,":[83],"it":[84],"evident":[86],"level":[88],"education":[90],"gender":[92],"entrepreneur,":[95],"industry,":[96],"location":[98],"are":[102,299,364],"also":[103,191],"important":[104],"explaining":[106],"their":[107],"structure.Chapter":[109],"Four":[110,190],"examines":[111,340],"determinants":[113,221],"bank":[115,124,138,145,164,173,245],"reveal":[122,208,304],"accounts":[126],"for":[127,300],"less":[128,265],"a":[130,178],"quarter":[131],"SMEs'":[133],"financing,":[135],"with":[136,162,181,186,244,360,377],"short-term":[137,175],"credit":[139],"representing":[140,247],"greater":[142,249],"proportion":[143],"finance.The":[146,234,268],"tangibility,":[153],"growth":[155,279],"have":[159],"positive":[160,179,271],"associations":[161],"long-term":[163,172],"debt,":[165],"while":[166],"negatively":[169],"related":[170],"to":[171,202,311,328,335,366],"debt.The":[174],"indicates":[177],"relationship":[180,342],"but":[183],"negative":[184],"relationships":[185,272],"profitability,":[187],"growth.Chapter":[189],"investigates":[192],"awareness":[194,210],"use":[196],"various":[198],"schemes":[200],"available":[201],"Ghanaian":[204,223],"sector.The":[206],"low":[209],"usage":[212],"levels":[213],"these":[215],"initiatives.Chapter":[217],"Five":[218],"explores":[219],"small":[224],"medium":[226],"sized":[227],"non-traditional":[228],"exporters'":[229],"(NTEs)":[230],"choice":[231],"formal/informal":[233],"NTEs":[238],"depend":[239,259],"formal":[241,262,274],"sources":[243],"finance":[246,263,275],"percentage":[250],"NTEs'":[252],"financing.The":[253],"that,":[256],"newer":[257],"more":[260,373,378],"informal":[267],"between":[273,343],"firm.Chapter":[282],"Six":[283],"assesses":[284],"how":[285],"corporate":[286,307,323],"governance":[287,308,324],"affects":[288],"performance":[290,313],"what":[296],"implications":[298],"opportunities.The":[302],"better":[306,312,329],"lead":[310,327],"paper":[316],"concludes":[317],"adoption":[320],"good":[322],"could":[326],"management":[330,372],"decisions":[331],"enable":[333],"attract":[336],"resources.Chapter":[338],"Seven":[339],"agency":[344],"factors":[345],"Africa.The":[355],"indicate":[357],"one":[361,380],"institutional":[362,381],"blockholder":[363],"able":[365],"monitor":[367],"opportunistic":[369],"behaviour":[370],"effectively":[374],"blockholders.":[382]},"counts_by_year":[{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":2},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":3},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":1}],"updated_date":"2026-08-30T07:30:35.949966","created_date":"2016-06-24T00:00:00"}
