Flag A perspective on NZ Capital Structure Please critically read the following article and answer/address the questions below. Wellalage, N.H., & Locke, S.M. (2014). Captial Structure Choice: A Case Study on New Zealand Unlisted Firms. American Journal of Finance and Accounting, 38, 93108.

1. Provide a comprehensive (and yet concise) discussion on typical facts about capital structure choices among SMEs (e.g. unlisted companies), especially in the context of New Zealand (as seen in the article). If you can also provide an example based on the practice of your own business (owned or employed) in your discussion, that will be a plus. A Chinese or certain countrys perspective is also acceptable.