The objective of this research is to examine the impact of a series of company’s variables - considered to be particular representative in the literature – on the debts degree in small and medium-sized enterprises, which affect its debts degree. Contextualizing the survey in a systems theory (Ferrero, 1968 and 1987), it was decided to analyze a particular phenomenon (that is the use of debts for financing the company). Our research permitted to identify a series of variables which affect the company’s indebtedness. Although every individual variable is sufficient to observe the examined phenomenon, it’s important to contextualize it in a systemic perspective. Indeed, the impact of above mentioned variables on the indebtedness has to be understood not as simple cause effect relationship: if the company is a system consisting of interrelated and connected elements, the relations which unite them, creating a circuit of concatenation between variables, which can impact on the recourse to the debts.
Why the company’s debts degree vary, when considering the company as a system?
Halili Estela;Mazzoleni Alberto
2016-01-01
Abstract
The objective of this research is to examine the impact of a series of company’s variables - considered to be particular representative in the literature – on the debts degree in small and medium-sized enterprises, which affect its debts degree. Contextualizing the survey in a systems theory (Ferrero, 1968 and 1987), it was decided to analyze a particular phenomenon (that is the use of debts for financing the company). Our research permitted to identify a series of variables which affect the company’s indebtedness. Although every individual variable is sufficient to observe the examined phenomenon, it’s important to contextualize it in a systemic perspective. Indeed, the impact of above mentioned variables on the indebtedness has to be understood not as simple cause effect relationship: if the company is a system consisting of interrelated and connected elements, the relations which unite them, creating a circuit of concatenation between variables, which can impact on the recourse to the debts.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
