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Copyright Universidade de São Paulo, FEA - Departamento de Administração Apr-Jun 2015

Abstract

In this article, the purpose is to know and analyze the more used products and financing forms by small and medium companies in the district of Porto, in Portugal. The aim is also to realize the acceptability and the propensity for use of alternative forms of financing and understand what the companies' difficulties to access credit are. The method used is quantitative and exploratory, with a survey sent to 1,600 companies in the district of Porto, about the different ways of financing used by organizations. The results indicate that bank credit is the main source of financing for small and medium companies, followed by self-financing. The financing by issuing stocks and bonds is residual. The results show three important factors when companies need to finance up: the company's growth, the cost of borrowing and bureau-cratic aspects. Despite the exploratory characteristic of this study, the three factors found are a contribution to the study on the financing of small and medium companies, deserving attention from investors, managers and equity holders.

Details

Title
Financiamento das pequenas e médias empresas: análise das empresas do distrito do Porto em Portugal
Author
Tavares, Fernando Oliveira; Pacheco, Luís; Almeida, Emanuel Ferreira
Pages
254-267
Publication year
2015
Publication date
Apr-Jun 2015
Publisher
Emerald Group Publishing Limited
ISSN
00802107
e-ISSN
19846142
Source type
Scholarly Journal
Language of publication
Portuguese
ProQuest document ID
1688467709
Copyright
Copyright Universidade de São Paulo, FEA - Departamento de Administração Apr-Jun 2015