Hogan, Teresa; Hutson, Elaine(University College Dublin. School of Business. Centre for Financial Markets, 2004)
Using a sample of 117 Irish software companies, we examine the capital structure of new technology-based firms. Consistent with the findings on financing for other small businesses, internal funds are the most important ...
This paper examines the capital structure of 117 new technology-based firms in the Irish software sector. In apparent contradiction to the pecking order hypothesis (POH), most external finance is private equity, and debt ...