Default Risk Analysis In Micro, Small And Medium Enterprises: Does Debt Overhang Theory Occur?

This paper intends to analyse the default risk in micro, small and medium enterprises (MSMEs) and its relation to new debt opportunities, debt overhang theory and growth intention. The results confirm that cash flow, capacity and leverage are the major determinants of firms’ default, while gross...

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Bibliographic Details

Main Author:	Wahyudi, Imam
Format:	Article
Language:	en
Published:	Asian Academy of Management (AAM) 2014
Subjects:	HD28-70 Management. Industrial Management
Online Access:	http://eprints.usm.my/39944/1/AAMJAF_10-1-5-G1_%2895-131%29.pdf http://eprints.usm.my/39944/ http://web.usm.my/journal/aamjaf/10-1-5-2014.html
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