Cassar, G. & Holmes, S. (2003) ‘Capital structure and financing of SMEs: Australian evidence’ Accounting and Finance, 43, pp. 123-147
La Rocca, M., La Rocca, T. & Cariola, A. (2011) ‘Capital structure decisions during a firm’s life cycle’ Small Business Economics, 37, pp. 107-130
Qui, M. & La, B. (2010) ‘Firm characteristics as determinants of capital structures in Australia’, International Journal of the Economics of Business, 17(3), pp. 277-287
1. Compare the capital structure of ONE of the IPO firms you examined in assignment 1 before and after the IPO equity raising.
2. Reflect on this change in capital structure with reference to the findings in the three research papers you have obtained. You should identify which of the research papers best fits with the change in capital structure you observe for your IPO firm.
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