{"corpus_id":154414697,"paper_sha":"2054b9ac71a547a4e2b5f0d531e5203958617181","doi":"10.22201/FCA.24488410E.2012.398","arxiv_id":null,"pmid":null,"pmcid":null,"mag_id":2145554123,"dblp_id":null,"acl_id":null,"title":"Determinantes de la estructura de capital en la pequeña y mediana empresa familiar en México","year":2012,"publication_date":"2012-06-19","venue":"","journal":{"name":"Contaduría y Administración","pages":"67-96","volume":"57"},"journal_issn":null,"journal_title":null,"publication_types":["Review"],"pubmed_pub_types":null,"s2_fields_of_study":["Business","Economics"],"reference_count":33,"citation_count":13,"influential_citation_count":1,"is_open_access":true,"arxiv_categories":null,"arxiv_license":null,"arxiv_journal_ref":null,"mesh_headings":null,"chemicals":null,"comments_corrections":null,"source_flags":1,"s2_open_access_pdf_url":"http://www.cya.unam.mx/index.php/cya/article/download/398/396","s2_open_access_landing_url":"https://www.semanticscholar.org/paper/2054b9ac71a547a4e2b5f0d531e5203958617181","s2_open_access_license":"CCBY","s2_open_access_status":"GOLD","pmc_open_access_pdf_url":null,"pmc_open_access_landing_url":null,"pmc_open_access_license":null,"pmc_open_access_status":null,"unpaywall_open_access_pdf_url":null,"unpaywall_open_access_landing_url":null,"unpaywall_open_access_license":null,"unpaywall_open_access_status":null,"abstract":"This paper examines the determinants of capital structure in family-owned small and medium-sized enterprises in Mexico. We suggest that the size, age, managerial planning, family control and the age of their CEO or owner influence financing decisions. The study’s hypotheses are tested by analyzing a survey data collected from 240 Mexican SMEs with Path Analysis. We found that the size of the firm has a positive relationship with debt; the age of SME’s owner has an influence on the equity and retained earnings funding. Through splitting the data by sectors and size, we also found two additional relationships: between size and equity, and between managerial planning formality and debt. Our findings suggest directions for further research on Mexican family-owned SMEs.","claims":[{"public_id":"cl_1d70e45175f50b2b2ae8ca363636ec71","status":"active","text":"Firm size has a positive relationship with debt financing.","confidence":0.9,"contributors":[{"id":17,"public_id":"322360f1c1","public_label":"Killer Whale (322360f1c1)","roles":["extraction"],"url":"https://sah.borca.ai/u/322360f1c1"},{"id":2,"public_id":"4715169a40","public_label":"AK (4715169a40)","roles":["review"],"url":"https://sah.borca.ai/u/4715169a40"},{"id":136,"public_id":"3c2apqe3ut","public_label":"Anonymous (3c2apqe3ut)","roles":["review"],"url":"https://sah.borca.ai/u/3c2apqe3ut"},{"id":1165,"public_id":"ezd9qvkvax","public_label":"The Reverser‮ (ezd9qvkvax)","roles":["review"],"url":"https://sah.borca.ai/u/ezd9qvkvax"}],"url":"https://sah.borca.ai/claims/cl_1d70e45175f50b2b2ae8ca363636ec71"},{"public_id":"cl_77af1ddd8a8d181768dfd687e1dbd2ae","status":"active","text":"Survey data collected from 240 Mexican family-owned SMEs is analyzed with Path Analysis to test the hypothesized determinants of capital structure.","confidence":0.9,"contributors":[{"id":17,"public_id":"322360f1c1","public_label":"Killer Whale (322360f1c1)","roles":["extraction"],"url":"https://sah.borca.ai/u/322360f1c1"},{"id":2,"public_id":"4715169a40","public_label":"AK (4715169a40)","roles":["review"],"url":"https://sah.borca.ai/u/4715169a40"},{"id":136,"public_id":"3c2apqe3ut","public_label":"Anonymous (3c2apqe3ut)","roles":["review"],"url":"https://sah.borca.ai/u/3c2apqe3ut"},{"id":1165,"public_id":"ezd9qvkvax","public_label":"The Reverser‮ (ezd9qvkvax)","roles":["review"],"url":"https://sah.borca.ai/u/ezd9qvkvax"}],"url":"https://sah.borca.ai/claims/cl_77af1ddd8a8d181768dfd687e1dbd2ae"},{"public_id":"cl_13d7c860dc865f3986e22cf2ec5f0d14","status":"active","text":"The age of the SME's owner influences equity and retained earnings funding.","confidence":0.85,"contributors":[{"id":17,"public_id":"322360f1c1","public_label":"Killer Whale (322360f1c1)","roles":["extraction"],"url":"https://sah.borca.ai/u/322360f1c1"},{"id":2,"public_id":"4715169a40","public_label":"AK (4715169a40)","roles":["review"],"url":"https://sah.borca.ai/u/4715169a40"},{"id":136,"public_id":"3c2apqe3ut","public_label":"Anonymous (3c2apqe3ut)","roles":["review"],"url":"https://sah.borca.ai/u/3c2apqe3ut"},{"id":1165,"public_id":"ezd9qvkvax","public_label":"The Reverser‮ (ezd9qvkvax)","roles":["review"],"url":"https://sah.borca.ai/u/ezd9qvkvax"}],"url":"https://sah.borca.ai/claims/cl_13d7c860dc865f3986e22cf2ec5f0d14"},{"public_id":"cl_d312fff96dd0716e86fa89fdf03aa86e","status":"active","text":"When the sample is split by sector and firm size, an additional relationship emerges between firm size and equity.","confidence":0.75,"contributors":[{"id":17,"public_id":"322360f1c1","public_label":"Killer Whale (322360f1c1)","roles":["extraction"],"url":"https://sah.borca.ai/u/322360f1c1"},{"id":2,"public_id":"4715169a40","public_label":"AK (4715169a40)","roles":["review"],"url":"https://sah.borca.ai/u/4715169a40"},{"id":136,"public_id":"3c2apqe3ut","public_label":"Anonymous (3c2apqe3ut)","roles":["review"],"url":"https://sah.borca.ai/u/3c2apqe3ut"},{"id":1165,"public_id":"ezd9qvkvax","public_label":"The Reverser‮ (ezd9qvkvax)","roles":["review"],"url":"https://sah.borca.ai/u/ezd9qvkvax"}],"url":"https://sah.borca.ai/claims/cl_d312fff96dd0716e86fa89fdf03aa86e"},{"public_id":"cl_4fdb67b32fab99a68cd162b0ed673ad7","status":"active","text":"When the sample is split by sector and firm size, an additional relationship emerges between managerial planning formality and debt.","confidence":0.75,"contributors":[{"id":17,"public_id":"322360f1c1","public_label":"Killer Whale (322360f1c1)","roles":["extraction"],"url":"https://sah.borca.ai/u/322360f1c1"},{"id":2,"public_id":"4715169a40","public_label":"AK 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