Search Results - subject:": Financial constraints"

Working capital management, corporate performance, and financial constraints

Baños-Caballero, Sonia; García-Teruel, Pedro J.; … - In: Journal of Business Research 67 (2014) 3, pp. 332-338

expenses. The paper also analyzes whether the optimal working capital level is sensitive to alternative measures of financial … constraints. The findings show that this optimum is lower for firms more likely to be financially constrained. …

Persistent link: https://www.econbiz.de/10011050096

Corporate Investments in Asian Markets: Financial Conditions, Financial Development, and Financial Constraints

Gochoco-Bautista, Maria Socorro; Sotocinal, Noli R.; … - In: World Development 57 (2014) C, pp. 63-78

This paper explores the mechanisms through which finance affects corporate investments and capital accumulation. We separate the effects of financial conditions from those of financial development. Based on a sample of firms from five Asian emerging economies, we find that (i) financial...

Persistent link: https://www.econbiz.de/10011052098

Nonfinancial companies as large shareholders alleviate financial constraints of Brazilian firm

Crisóstomo, Vicente Lima; López-Iturriaga, Félix Javier - In: Emerging Markets Review 18 (2014) C, pp. 62-77

We analyze whether financial constraints of Brazilian firms are alleviated by ownership structure. More specifically …, we study whether the presence of nonfinancial firms as shareholders of Brazilian firm mitigates financial constraints. We … find that the presence of nonfinancial firms as significant shareholders reduces financial constraints, probably because …

Persistent link: https://www.econbiz.de/10011056981

Financial constraints, firm entry, and exchange rate pass-through

Kosaka, Michiru Sakane - In: Economics Letters 125 (2014) 1, pp. 143-147

Using a heterogeneous firm model with firm entry and endogenous markups, I study how the financial constraints of … exporting firms affect exchange rate pass-through behaviors. I find that the financial constraints increase the degree of …

Persistent link: https://www.econbiz.de/10010939510

The influence of moral hazard on investment in financially constrained and unconstrained firms

Keefe, Michael O’Connor; Kieschnick, Robert - In: Finance Research Letters 11 (2014) 3, pp. 272-281

versus firms facing financial constraints. The model predicts a large number of disparate findings in the empirical …

Persistent link: https://www.econbiz.de/10010940017

The impact of cash holdings and external financing on investment-cash flow sensitivity

Kim, Tae-Nyun - In: Review of Accounting and Finance 13 (2014) 3, pp. 251-273

investment-cash flow sensitivity and financial constraints. …Purpose – This paper aims to propose several factors which can explain the negative relationship between financial … constraints and investment-cash flow sensitivity. Design/methodology/approach – The author uses traditional fixed effects model …

Persistent link: https://www.econbiz.de/10014989911

A structural econometric analysis of the informal sector heterogeneity

Nguimkeu, Pierre - In: Journal of Development Economics 107 (2014) C, pp. 175-191

Understanding the informal sector – that represents about 60–90% of urban employment in developing countries – has a significant importance for any strategy and policy interventions aiming to alleviate poverty and improve welfare. I formulate and estimate a model of entrepreneurial choice...

Persistent link: https://www.econbiz.de/10010753710

Financial constraints and firm dynamics

Bottazzi, Giulio; Secchi, Angelo; Tamagni, Federico - In: Small business economics : an entrepreneurship journal 42 (2014) 1, pp. 99-116

Persistent link: https://www.econbiz.de/10010255581

Managerial behavior and the link between stock mispricing and corporate investments : evidence from market-to-book ratio decomposition

Alzahrani, Mohammed; Rao, Ramesh P. - In: The financial review : the official publication of the … 49 (2014) 1, pp. 89-116

Persistent link: https://www.econbiz.de/10010257292

Vertical integration and supplier finance

Kersting, Erasmus K.; Görg, Holger - 2014

We investigate the financial implications of a multinational firm’s choice between outsourcing and integration from the perspective of the supplier. Using a simple model, we explore the extent to which an integrated supplier’s access to finance, as well as its sources of funding, change...

Persistent link: https://www.econbiz.de/10010232359