Existing finance literature is inadequate with respect to its coverage of the capital structure of small and medium sized enterprises (SMEs). This lack of coverage means that SMEs are provided with little or no guidance for optimising their cost of capital. This paper is an attempt to provide such guidance. For unlisted SMEs the cost of equity cannot be derived from the capital market, nor can ...

Existing finance literature is inadequate with respect to its coverage of the capital structure of small and medium sized enterprises (SMEs). This lack of coverage means that SMEs are provided with little or no guidance for optimising their cost of capital. This paper is an attempt to provide such guidance. For unlisted SMEs the cost of equity cannot be derived from the capital market, nor can ...

Résumé : We study the specific rationale governing entrepreneur-investor relations in young ventures which raise equity capital from different investor types in pursuit of a strong growth strategy. Special emphasis is put on the governance process through which investors and entrepreneurs interact in a complex setting, where an entrepreneur faces at least two distinct investor types (business a...

Existing finance literature is inadequate with respect to its coverage of the capital structure of small and medium sized enterprises (SMEs). This lack of coverage means that SMEs are provided with little or no guidance for optimising their cost of capital. This paper is an attempt to provide such guidance. For unlisted SMEs the cost of equity cannot be derived from the capital market, nor can ...

Entrepreneurship is a subject of great interest, a process in which more and more people want to take part. The main character of entrepreneurial process is the entrepreneur. He is motivated by various factors and, with certain abilities, competences, attitudes and skills he can develop a sustainable business. In this study, the author aims to develop a profile of technological entrepreneur, st...

The bulk of the research on growth of SMEs is based on purely economic approach to entrepreneurship where the entrepreneur is depicted as the heroic homo economicus aiming at profit maximization through his abilities of risk-taking, need for achievement, dominance, aggressiveness and independence. The rational is in the form of formal rationality, cost-benefit calculation that relies on financi...

this is a descriptive field study. the aim of this study was to find personal, familial and socio-economical characteristics of children under five years old, and relationships between these characteristics with acute respiratory infection. the sample was 60 children with acute respiratory infection. data gathered by a questionair include 44 question about personal, familial and socio-economica...