The article explores how small and medium-sized businesses in Europe make decisions about their finances. Over 100 companies were surveyed about the types of financial tools they use and what influences their choices. The study looked at theories about how companies decide on their capital structure and found that many businesses have a target debt level they aim for. The research also showed that some companies follow a specific order when it comes to financing. Overall, the findings support the idea that businesses tend to prefer certain types of financing over others.