Search Results - subject:": Financial constraints"

Do Credit Constraints Matter more for College Dropout Entrepreneurs?

Werner, Arndt - Volkswirtschaftliche Fakultät, … - 2008

Start-ups and their respective market partners are faced with severe problems of asymmetric information due to their lack of prior production history and reputation. Given this situation, it is most likely that outside financiers will not be informed about the potential gains, losses, and risks...

Persistent link: https://www.econbiz.de/10005789869

International Liquidity, Financial Constraints and Private Investment in an Emerging Market Economy

Guncvadi, Oner - Volkswirtschaftliche Fakultät, … - 2008

This article examines whether or not the recent surge in the availability of international liquidity helps Turkey revive private investment expenditure. Unlike previous studies, this paper indicates that an increased availability of financial resources after 2002 played a detrimental role in the...

Persistent link: https://www.econbiz.de/10005790282

THE SIGMOIDAL INVESTMENT FUNCTION

Honda, Yuzo; Suzuki, Kazuyuki - Graduate School of Economics, Osaka University - 2008

Based on the investment theory of Abel and Eberly (1994), we develop an analytical model of adjustment costs, which produces a sigmoidal investment function. We also estimate the piecewise linear investment function, which includes as special cases linear models, models with one threshold, the...

Persistent link: https://www.econbiz.de/10005710092

Financial factors and the margins of trade : evidence from cross-country firm-level data.

Berman, Nicolas; Héricourt, Jérôme - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2008

. Second, we find that financial constraints create a disconnection between firms' productivity and their export status …

Persistent link: https://www.econbiz.de/10005696749

Internal Finance and Growth: Microeconometric Evidence on Chinese Firms

Guariglia, Alessandra; Liu, Xiaoxuan; Song, Lina - Institute for the Study of Labor (IZA) - 2008

interpret a positive link between cash flow and investment as an indicator of financial constraints 3 . A financially …. Yet, these financial constraints could transform themselves into financial stimuli for cash flow-rich firms with good … therefore unlikely to face any financial constraints, and we do not expect their growth to be significantly affected by their …

Persistent link: https://www.econbiz.de/10005703564

Drivers and Obstacles to Banking SMEs: The Role of Competition and the Institutional Framework

de la Torre, Augusto; Soledad Martinez Peria, Maria; … - Economics Research, World Bank Group - 2008

, bank finance, financial constraints, banking market structure, institutional factors, regulation, competition * This …

Persistent link: https://www.econbiz.de/10005129199

The Effect of Credit Rationing on the Shape of the Competition-Innovation Relationship

Bena, Jan - Center for Economic Research and Graduate Education and … - 2008

negative effect of financial constraints on firm- and aggregate-level R&D investment is most pronounced at both high and low …Using a dynamic model of a step-by-step innovation race between financially constrained firms, I study how financial … constraints affect innovation activity. The novel theoretical results derive from an analysis of the interaction between the …

Persistent link: https://www.econbiz.de/10005146547

Financial Constraints and Other Obstacles: Are they a Threat to Innovation Activity?

Mohnen, Pierre; Palm, Franz; Schim van der Loeff, Sybrand; … - United Nations University, Maastricht Economic and … - 2008

In this paper we examine the importance of financial and other obstacles to innovation in the Netherlands using statistical information from the CIS 3.5 innovation survey. We report results on the effect of these obstacles on the firms' decision to abandon, prematurely stop, seriously slow down,...

Persistent link: https://www.econbiz.de/10005150791

Imports-Exports Correlation: A New Puzzle?

Bebczuk, Ricardo - Banco Central de la República Argentina - 2008

international financial constraints, in the spirit of the Feldstein-Horioka literature. However, we contend that this is at most an … explanations. The first one is the presence of international financial constraints, in the spirit of the Feldstein … rationale for our findings is that countries face financial constraints that prevent them from importing more than they export …

Persistent link: https://www.econbiz.de/10010552014

“Corporate investment, cash flow level and market imperfections”

Mundaca, Gabriela - Volkswirtschaftliche Fakultät, … - 2008

We analyze firms’ investment behavior, differentiating firms according to the cash flow levels they experience during their lifecycles. We consequently consider the firm as the basic unit and not firm-year observations. Firms with persistent positive cash flow show higher investment-cash flow...

Persistent link: https://www.econbiz.de/10008596357