Search Results - subject:": Financial constraints"

Modeling the Effects of Financial Constraints on Firm´s Investment

Tomat, Gian Maria - Institut für Weltwirtschaft (IfW) - 2007

effects of financial constraints on firm´s investment. Firm´s investment is an increasing function of the firm´s marginal q …

Persistent link: https://www.econbiz.de/10005083386

Blame No One? Investment Decisions of the Polish Stock-listed Companies

Tyrowicz, Joanna - Volkswirtschaftliche Fakultät, … - 2007

It is often raised that enterprises in transition countries are cursed with credit constraints and insufficient capital. Regardless of whether this belief holds for the whole of the economy, the Agency Theory provides a useful both theoretical and empirical framework helping to verify the...

Persistent link: https://www.econbiz.de/10005052195

Democratizing Entry: Banking Deregulations, Financing Constraints, and Entrepreneurship

Kerr, William; Nanda, Ramana - Census Bureau, Department of Commerce - 2007

We study how US branch-banking deregulations affected the entry and exit of firms in the non-financial sector using establishment-level data from the US Census Bureau’s Longitudinal Business Database. The comprehensive micro-data allow us to study how the entry rate, the distribution of entry...

Persistent link: https://www.econbiz.de/10005058891

Entrepreneurs' Gender and Financial Constraints: Evidence from International Data

Muravyev, Alexander; Schäfer, Dorothea; Talavera, Oleksandr - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2007

This paper studies gender discrimination against entrepreneurs by financial institutions. Based on the Business Environment and Enterprise Performance Survey (BEEPS) that covers firms in several countries of Western Europe as well as in the transition countries of Eastern Europe, our analysis...

Persistent link: https://www.econbiz.de/10005068937

Corporate investment, cash flow level and market imperfections: The case of Norway

Mundaca, B. Gabriela - Økonomisk institutt, Universitetet i Oslo - 2007

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/10005652368

International Trade and Domestic Distortions: Modelling the Transition Process

Gaffard, Jean-Luc; Saraceno, Francesco - Centre de recherche en Économie (OFCE), Sciences … - 2007

market, in which demand for external funds may or may not be satis�ed. Financial constraints cause a rescaling of labour …

Persistent link: https://www.econbiz.de/10005689678

The Impact of Financial Constaints on Firm Survival and Growth

Musso, Patrick; Schiavo, Stefano - Centre de recherche en Économie (OFCE), Sciences … - 2007

investigate the effect of financial constraints on firm survival and development. Using panel data on French manufacturing firms … over the 1996-2004 period, we find that (i) financial constraints significantly increase the probability of exiting the … stock and employment, (iii) financial constraints are positively related with productivity growth in the short-run. We …

Persistent link: https://www.econbiz.de/10005792616

Échange international et distorsions internes. Comment gouverner la globalisation ?

Gaffard, Jean-Luc; Saraceno, Francesco - In: Revue de l'OFCE n° 102 (2007) 3, pp. 205-221

Changes in the pattern of international trade inevitably create distortions that perturb the functioning of the economy. These distortions may not be reduced to malfunctioning goods or labour markets, and hence cannot be eliminated by simply choosing the optimal institutions. Domestic...

Persistent link: https://www.econbiz.de/10008478366

Technology Adoption in French Agriculture and the Role of Financial Constraints

Blancard, Stéphane; Boussemart, Jean-Philippe; Briec, … - Centre d'Économie et Sociologie appliquées à … - 2007

technological adjustments could be slowed down by eventual short-run financial constraints. This contribution measures the role of … these financial constraints on the catching-up component of total factor productivity for a panel of French farmers in Nord … indicate that the technological adaptation is significantly conditioned by financial constraints. …

Persistent link: https://www.econbiz.de/10008611066

Blame No One ?Investment Decisions of the Polish Stock-Listed Companies

Tyrowicz, Joanna - In: Brussels Economic Review 50 (2007) 4, pp. 391-410

Persistent link: https://www.econbiz.de/10008868095