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The issue of financial and capital structure of SMEs hasn´t been researched yet. The research in this area focused mostly on the impact of business factors on financial and capital structure. Lately the orientation of research has gradually begun to change. Excluding the effects of business factors, the research into influence of country factors and industry factors on financial structure of enterprises has already had a start. The aim of this paper is to analyse, judge and quantification relative impact of selected factors on financial structure of these enterprises. We divide these factors into three groups: business, industry and country factors.
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