{"id":"https://openalex.org/W2276906456","doi":"https://doi.org/10.1080/23322039.2016.1145535","title":"SMEs capital structure determinants during severe economic crisis: The case of Greece","display_name":"SMEs capital structure determinants during severe economic crisis: The case of Greece","publication_year":2016,"publication_date":"2016-02-18","ids":{"openalex":"https://openalex.org/W2276906456","doi":"https://doi.org/10.1080/23322039.2016.1145535","mag":"2276906456"},"language":"en","primary_location":{"id":"doi:10.1080/23322039.2016.1145535","doi":"https://doi.org/10.1080/23322039.2016.1145535","is_oa":true,"landing_page_url":"https://doi.org/10.1080/23322039.2016.1145535","pdf_url":"https://www.tandfonline.com/doi/epdf/10.1080/23322039.2016.1145535?needAccess=true&role=button","source":{"id":"https://openalex.org/S2765075218","display_name":"Cogent Economics & Finance","issn_l":"2332-2039","issn":["2332-2039"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","doaj","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310311767","host_organization_name":"Cogent OA","host_organization_lineage":["https://openalex.org/P4310311767"],"host_organization_lineage_names":["Cogent OA"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Cogent Economics & Finance","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://www.tandfonline.com/doi/epdf/10.1080/23322039.2016.1145535?needAccess=true&role=button","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5044557818","display_name":"Dimitris Balios","orcid":"https://orcid.org/0000-0002-0130-9320","observed_orcids":["https://orcid.org/0000-0002-0130-9320"]},"institutions":[{"id":"https://openalex.org/I200777214","display_name":"National and Kapodistrian University of Athens","ror":"https://ror.org/04gnjpq42","country_code":"GR","type":"education","lineage":["https://openalex.org/I200777214"]}],"countries":["GR"],"is_corresponding":true,"raw_author_name":"D. Balios","raw_affiliation_strings":["Department of Economics, National and Kapodistrian University of Athens, Athens, Greece"],"raw_orcid":"https://orcid.org/0000-0002-0130-9320","affiliations":[{"raw_affiliation_string":"Department of Economics, National and Kapodistrian University of Athens, Athens, Greece","institution_ids":["https://openalex.org/I200777214"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5103056944","display_name":"Nikolaos Daskalakis","orcid":"https://orcid.org/0000-0001-5253-2752","observed_orcids":["https://orcid.org/0000-0001-5253-2752"]},"institutions":[{"id":"https://openalex.org/I71637028","display_name":"University of Brighton","ror":"https://ror.org/04kp2b655","country_code":"GB","type":"education","lineage":["https://openalex.org/I71637028"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"N. Daskalakis","raw_affiliation_strings":["University of Brighton, Brighton Business School, Mithras House, Lewes Rd, Brighton BN2 4AT, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Brighton, Brighton Business School, Mithras House, Lewes Rd, Brighton BN2 4AT, UK","institution_ids":["https://openalex.org/I71637028"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5112614073","display_name":"Nikolaos Eriotis","orcid":"https://orcid.org/0009-0004-1730-9968","observed_orcids":["https://orcid.org/0009-0004-1730-9968"]},"institutions":[{"id":"https://openalex.org/I200777214","display_name":"National and Kapodistrian University of Athens","ror":"https://ror.org/04gnjpq42","country_code":"GR","type":"education","lineage":["https://openalex.org/I200777214"]}],"countries":["GR"],"is_corresponding":false,"raw_author_name":"N. Eriotis","raw_affiliation_strings":["Department of Economics, National and Kapodistrian University of Athens, Athens, Greece"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics, National and Kapodistrian University of Athens, Athens, Greece","institution_ids":["https://openalex.org/I200777214"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5043621971","display_name":"Dimitrios Vasiliou","orcid":"https://orcid.org/0000-0002-4933-3944","observed_orcids":["https://orcid.org/0000-0002-4933-3944"]},"institutions":[{"id":"https://openalex.org/I231025917","display_name":"Hellenic Open University","ror":"https://ror.org/02kq26x23","country_code":"GR","type":"education","lineage":["https://openalex.org/I231025917"]}],"countries":["GR"],"is_corresponding":false,"raw_author_name":"D. Vasiliou","raw_affiliation_strings":["School of Social Science, Hellenic Open University, Patras, Greece"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Social Science, Hellenic Open University, Patras, Greece","institution_ids":["https://openalex.org/I231025917"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5044557818"],"corresponding_institution_ids":["https://openalex.org/I200777214"],"apc_list":{"value":950,"currency":"GBP","value_usd":1165},"apc_paid":{"value":950,"currency":"GBP","value_usd":1165},"fwci":9.1761,"has_fulltext":true,"cited_by_count":91,"citation_normalized_percentile":{"value":0.97681109,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":100},"biblio":{"volume":"4","issue":"1","first_page":"1145535","last_page":"1145535"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9868000149726868,"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"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9868000149726868,"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"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.004699999932199717,"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":0.0026000000070780516,"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"}}],"keywords":[{"id":"https://openalex.org/keywords/small-and-medium-sized-enterprises","display_name":"small and medium-sized enterprises","score":0.7549999952316284},{"id":"https://openalex.org/keywords/capital-structure","display_name":"capital structure","score":0.9160000085830688},{"id":"https://openalex.org/keywords/leverage-determinants","display_name":"leverage determinants","score":0.8130000233650208},{"id":"https://openalex.org/keywords/economic-crisis","display_name":"economic crisis","score":0.9150000214576721},{"id":"https://openalex.org/keywords/greek-debt-crisis","display_name":"Greek debt crisis","score":0.6549999713897705},{"id":"https://openalex.org/keywords/firm-size","display_name":"firm size","score":0.8169999718666077},{"id":"https://openalex.org/keywords/profitability","display_name":"profitability","score":0.9259999990463257},{"id":"https://openalex.org/keywords/asset-tangibility","display_name":"tangibility","score":0.9890000224113464},{"id":"https://openalex.org/keywords/business-growth","display_name":"business growth","score":0.9369999766349792},{"id":"https://openalex.org/keywords/debt-ratio","display_name":"debt ratio","score":0.4869999885559082}],"concepts":[{"id":"https://openalex.org/C149933338","wikidata":"https://www.wikidata.org/wiki/Q950816","display_name":"Capital structure","level":3,"score":0.8560818433761597},{"id":"https://openalex.org/C153083717","wikidata":"https://www.wikidata.org/wiki/Q6535263","display_name":"Leverage (statistics)","level":2,"score":0.8100371360778809},{"id":"https://openalex.org/C129361004","wikidata":"https://www.wikidata.org/wiki/Q2470236","display_name":"Profitability index","level":2,"score":0.7122769355773926},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5948298573493958},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.5920515060424805},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.5126978158950806},{"id":"https://openalex.org/C135665773","wikidata":"https://www.wikidata.org/wiki/Q2234049","display_name":"Debt ratio","level":3,"score":0.5065287351608276},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5013120174407959},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.49266892671585083},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.4350331425666809},{"id":"https://openalex.org/C73116969","wikidata":"https://www.wikidata.org/wiki/Q16954906","display_name":"Debt-to-capital ratio","level":5,"score":0.414158433675766},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.39408165216445923},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.17664051055908203},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.17165657877922058},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.12250566482543945},{"id":"https://openalex.org/C155530773","wikidata":"https://www.wikidata.org/wiki/Q591174","display_name":"Return on equity","level":3,"score":0.05908253788948059},{"id":"https://openalex.org/C124972522","wikidata":"https://www.wikidata.org/wiki/Q1303176","display_name":"Equity ratio","level":4,"score":0.059045225381851196},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0}],"mesh":[],"locations_count":6,"locations":[{"id":"doi:10.1080/23322039.2016.1145535","doi":"https://doi.org/10.1080/23322039.2016.1145535","is_oa":true,"landing_page_url":"https://doi.org/10.1080/23322039.2016.1145535","pdf_url":"https://www.tandfonline.com/doi/epdf/10.1080/23322039.2016.1145535?needAccess=true&role=button","source":{"id":"https://openalex.org/S2765075218","display_name":"Cogent Economics & Finance","issn_l":"2332-2039","issn":["2332-2039"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","doaj","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310311767","host_organization_name":"Cogent OA","host_organization_lineage":["https://openalex.org/P4310311767"],"host_organization_lineage_names":["Cogent OA"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Cogent Economics & Finance","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:taf:oaefxx:v:4:y:2016:i:1:p:1145535","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1080/23322039.2016.1145535","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:doaj.org/article:361dfd65ebbf48cdabdbf6aa419dd6a0","doi":null,"is_oa":true,"landing_page_url":"https://doaj.org/article/361dfd65ebbf48cdabdbf6aa419dd6a0","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Cogent Economics & Finance, Vol 4, Iss 1 (2016)","raw_type":"article"},{"id":"pmh:oai:econstor.eu:10419/147794","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10419/147794","pdf_url":null,"source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"doc-type:article"},{"id":"pmh:oai:pure.atira.dk:publications/bbfabb9f-7060-4ee0-be80-9cb1127c6880","doi":null,"is_oa":false,"landing_page_url":"https://research.brighton.ac.uk/en/publications/bbfabb9f-7060-4ee0-be80-9cb1127c6880","pdf_url":null,"source":{"id":"https://openalex.org/S4306401758","display_name":"University of Brighton Repository (University of Brighton)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I71637028","host_organization_name":"University of Brighton","host_organization_lineage":["https://openalex.org/I71637028"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Balios, D, Daskalakis, N, Eriotis, N & Vasiliou, D 2016, 'SMEs capital structure determinants during severe economic crisis : The case of Greece', Cogent Economics & Finance, vol. 4, no. 1, 1145535. https://doi.org/10.1080/23322039.2016.1145535","raw_type":"info:eu-repo/semantics/publishedVersion"},{"id":"mag:2438543814","doi":null,"is_oa":false,"landing_page_url":"http://cogentoa.tandfonline.com/doi/pdf/10.1080/23322039.2016.1145535","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":"doi:10.1080/23322039.2016.1145535","doi":"https://doi.org/10.1080/23322039.2016.1145535","is_oa":true,"landing_page_url":"https://doi.org/10.1080/23322039.2016.1145535","pdf_url":"https://www.tandfonline.com/doi/epdf/10.1080/23322039.2016.1145535?needAccess=true&role=button","source":{"id":"https://openalex.org/S2765075218","display_name":"Cogent Economics & Finance","issn_l":"2332-2039","issn":["2332-2039"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","doaj","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310311767","host_organization_name":"Cogent OA","host_organization_lineage":["https://openalex.org/P4310311767"],"host_organization_lineage_names":["Cogent OA"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Cogent Economics & Finance","raw_type":"journal-article"},"sustainable_development_goals":[{"score":0.9211000204086304,"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2276906456.pdf","grobid_xml":"https://content.openalex.org/works/W2276906456.grobid-xml"},"referenced_works_count":59,"referenced_works":["https://openalex.org/W91480530","https://openalex.org/W92531271","https://openalex.org/W267796658","https://openalex.org/W1493102498","https://openalex.org/W1496286215","https://openalex.org/W1513281941","https://openalex.org/W1516582077","https://openalex.org/W1538912132","https://openalex.org/W1540063317","https://openalex.org/W1576685169","https://openalex.org/W1970481252","https://openalex.org/W1971417708","https://openalex.org/W1974673580","https://openalex.org/W1994578257","https://openalex.org/W1997500202","https://openalex.org/W2000578291","https://openalex.org/W2024569236","https://openalex.org/W2030091984","https://openalex.org/W2032305868","https://openalex.org/W2032909423","https://openalex.org/W2034625637","https://openalex.org/W2036671551","https://openalex.org/W2063955807","https://openalex.org/W2071206222","https://openalex.org/W2073672148","https://openalex.org/W2084310832","https://openalex.org/W2091596451","https://openalex.org/W2104273456","https://openalex.org/W2111895982","https://openalex.org/W2114874221","https://openalex.org/W2115846503","https://openalex.org/W2115849388","https://openalex.org/W2123096733","https://openalex.org/W2124597406","https://openalex.org/W2124758339","https://openalex.org/W2125664626","https://openalex.org/W2126603824","https://openalex.org/W2127103243","https://openalex.org/W2137871339","https://openalex.org/W2143437037","https://openalex.org/W2168781252","https://openalex.org/W2170790204","https://openalex.org/W2297308712","https://openalex.org/W2503035449","https://openalex.org/W3121714890","https://openalex.org/W3122550102","https://openalex.org/W3123002126","https://openalex.org/W3124114405","https://openalex.org/W3124505714","https://openalex.org/W3124871904","https://openalex.org/W3124896946","https://openalex.org/W3125087107","https://openalex.org/W3125601827","https://openalex.org/W4205565732","https://openalex.org/W4242954196","https://openalex.org/W4247682173","https://openalex.org/W4256014810","https://openalex.org/W4256443722","https://openalex.org/W4386344032"],"related_works":["https://openalex.org/W2438543814","https://openalex.org/W2950344625","https://openalex.org/W2030091984","https://openalex.org/W7046133855","https://openalex.org/W7111211608","https://openalex.org/W2944313104","https://openalex.org/W2942290087","https://openalex.org/W6999789705","https://openalex.org/W2624624746","https://openalex.org/W7062846234"],"abstract_inverted_index":{"The":[0],"objective":[1],"of":[2,16,28,35,48,60,77],"this":[3],"paper":[4],"was":[5,87],"to":[6,66,82,90],"explore":[7],"whether":[8],"and":[9,75,85],"how":[10],"the":[11,26,46,71],"main":[12],"capital":[13,19,49],"structure":[14,20,50],"determinants":[15,51],"SMEs":[17,37,64],"affected":[18],"determination":[21],"in":[22,39,57],"different":[23],"ways":[24],"during":[25,41],"years":[27],"economic":[29,61],"crisis.":[30],"We":[31,43],"used":[32],"panel":[33],"data":[34],"8,052":[36],"operating":[38],"Greece":[40],"2009\u20132012.":[42],"found":[44],"that":[45],"effect":[47],"on":[52],"leverage":[53,80],"does":[54],"not":[55],"change":[56],"an":[58],"environment":[59],"crisis;":[62],"larger":[63],"continued":[65,81],"show":[67],"higher":[68],"debt":[69],"ratios,":[70],"relationship":[72],"between":[73],"profitability":[74],"tangibility":[76],"assets":[78],"with":[79],"be":[83],"negative,":[84],"growth":[86],"positively":[88],"related":[89],"leverage.":[91]},"counts_by_year":[{"year":2026,"cited_by_count":3},{"year":2025,"cited_by_count":7},{"year":2024,"cited_by_count":5},{"year":2023,"cited_by_count":12},{"year":2022,"cited_by_count":18},{"year":2021,"cited_by_count":10},{"year":2020,"cited_by_count":18},{"year":2019,"cited_by_count":8},{"year":2018,"cited_by_count":4},{"year":2017,"cited_by_count":5},{"year":2016,"cited_by_count":1}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2016-06-24T00:00:00"}