Thesis topic proposal
Ádám Banai
SMEs financing decision and funding structure


Institute: Széchenyi István University, Győr
business and management
Doctoral School of Regional Sciences and Business Administration

Thesis supervisor: Ádám Banai
Location of studies (in Hungarian): Széchenyi István University
Abbreviation of location of studies: SZE

Description of the research topic:

Corporate finance literature usually
differentiate between three financing type for new projects, namely, using own sources, borrow
from banks or via securities, financing via new equity. Relevant new sources appeared in the EU
or due to the financial crisis. SME sector of emerging Europe may use non-refundable EU funds as
well. In addition, in some countries cheap funds can be reached due to special post-crisis programs
(like the one of the MNB, or the Bank of England). This new setup may change decision making
of SMEs.

Number of students who can be accepted: 2

Deadline for application: 2019-12-31

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