Search Results - subject:": Financial constraints"

FIRMâ€™S FINANCING AND INDUSTRIAL STRUCTURE IN THE LESS DEVELOPED REGIONS OF THE SOUTH ITALY

GIUNTA, Anna; SARNO, Domenico - In: Journal of Applied Economic Sciences 4 (2009) 4(10)_Winter2009, pp. 509-525

The paper shows that there is a relationship between firmâ€™s financial condition and the industrial specialization model of the Italian Mezzogiorno, that is the least developed area of the country. In order to analyze the financial status of the firms, the approach of the theory of the...

Persistent link: https://www.econbiz.de/10008643963

Financial constraints and the margins of FDI

Buch, Claudia M.; Kesternich, Iris; Lipponer, Alexander; … - 2009

-level financial constraints as well as on the location the foreign affiliates. We find that financial factors constrain firms' foreign … investment decisions, an effect felt in particular by large firms. Financial constraints at the parent level matter for the … extensive, but less so for the intensive margin. For the intensive margin, financial constraints at the affiliate level are …

Persistent link: https://www.econbiz.de/10003909210

Innovation financing and the role of relationship lending for SMEs

Brancati, Emanuele - In: Small Business Economics 44 (2015) 2, pp. 449-473

enterprises (SMEs) have a lower probability to innovate and a higher likelihood to face financial constraints, their innovative …

Persistent link: https://www.econbiz.de/10011154843

Access to finance, exporting and a non-monotonic firm expansion

Damijan, Jože; Kostevc, Črt; Polanec, Sašo - In: Empirica 42 (2015) 1, pp. 131-155

In this paper we analyse the role financial constraints play in firm expansion in both domestic and export markets. We …

Persistent link: https://www.econbiz.de/10011155335

Innovation and Trade in the Presence of Credit Constraints

Foellmi, Reto; Legge, Stefan; Tiemann, Alexa - C.E.P.R. Discussion Papers - 2015

' productivity-enhancing activities, we provide novel evidence showing that financial constraints can impair the effect on R …

Persistent link: https://www.econbiz.de/10011165666

Buyers as stakeholders: How relationships affect suppliers' financial constraints

Itzkowitz, Jennifer - In: Journal of Corporate Finance 31 (2015) C, pp. 54-66

This paper examines the role of buyer–supplier relationships on suppliers' financial constraints. Buyers are non …

Persistent link: https://www.econbiz.de/10011264355

Explaining the default risk anomaly by the two-beta model

Yeh, Chung-Ying; Hsu, Junming; Wang, Kai-Li; Lin, Che-Hui - In: Journal of Empirical Finance 30 (2015) C, pp. 16-33

This study attempts to explain the anomaly that firms with high-default risk earn low average realized returns. We measure default risk according to Ohlson's (1980) O-score and Campbell, Hilscher, and Szilagyi's (2008) failure probability and further implement Duffie, Saita, and Wang's (2007)...

Persistent link: https://www.econbiz.de/10011208489

Real estate collateral value and investment: The case of China

Wu, Jing; Gyourko, Joseph; Deng, Yongheng - In: Journal of Urban Economics 86 (2015) C, pp. 43-53

Previous research on the United States and Japan finds economically large impacts of changing real estate collateral value on firm investment that amplified the business cycles of those countries. Working with unique data on land values in 35 major Chinese markets and a panel of firms outside...

Persistent link: https://www.econbiz.de/10011209630

Business groups and financial constraints: evidence from Pakistani group affiliated firms

Saeed, Abubakr; Sameer, Muhammad - In: Journal of Developing Areas 49 (2015) 2, pp. 355-361

We test whether group affiliation reduces the financial constraints for the affiliated firms in Pakistan. Results …

Persistent link: https://www.econbiz.de/10011213010

The Dynamics of Financially Constrained Arbitrage

Gromb, Denis; Vayanos, Dimitri - C.E.P.R. Discussion Papers - 2015

We develop a model of financially constrained arbitrage, and use it to study the dynamics of arbitrage capital, liquidity, and asset prices. Arbitrageurs exploit price discrepancies between assets traded in segmented markets, and in doing so provide liquidity to investors. A collateral...

Persistent link: https://www.econbiz.de/10011184076