The article examines how different factors influence the way small and medium-sized businesses in Spain manage their finances. By studying data from over 6000 companies between 1994 and 1998, the researchers found that factors like profitability and non-debt tax shields tend to decrease the amount of debt these businesses take on. On the other hand, factors like company size, growth opportunities, and asset structure tend to increase the amount of debt these businesses use. This suggests that small and medium-sized businesses in Spain tend to match the maturity of their debts with the maturity of their assets.