Estrutura de capital das microempresas e empresas de pequeno porte instaladas em Sousa/PB: um estudo da percepção dos gestores sobre relacionamento bancário e fontes de financiamento.

Abstract

Capital structure is a still complex subject in finance theory. Several studies and theories have already been developed on the subject. The present research had the objective to investigate the perception of the managers of micro and small companies installed in Sousa/PB, on the capital structure, considering their relationship with the bank and its sources of financing. The data were collected through a questionnaire composed of 24 questions. Twenty - one companies associated to the Chamber of Store Owners (CDL - Sousa/PB) were surveyed. Most companies started their business from the 1990s, most business owners considered their business to be profitable in all three years, they said that in recent years their respective profits have declined a little, claiming that their participation in the increased slightly and are expected to remain equal to the market average. Entrepreneurs claim to have no difficulty in obtaining financing which in turn the main sources of financing of most companies are, respectively, bank loans, retained earnings and accounts payable.