Search Results - subject:": Financial constraints"

Comparing the Impact of Credit Constraints on the Growth of SMEs in a Transition Country with an Established Market Economy

Hutchinson, John; Xavier, Ana - LICOS Centre for Institutions and Economic Performance, … - 2004

In this paper we compare the role of internal finance on the growth of firms between a leading transition country, Slovenia and an established market economy, Belgium. We find that firms in Slovenia are more sensitive to internal financing constraints than their Belgian counterparts. This would...

Persistent link: https://www.econbiz.de/10005590798

Ownership Characteristics and Access to Finance: Evidence from a Survey of Large Privatised Companies in Hungary and Poland

Isachenkova, Natalia; Mickiewicz, Tomasz - William Davidson Institute, University of Michigan - 2004

We examine financial constraints and forms of finance used for investment, by analysing survey data on 157 large … alternative measures of financial constraints we find that foreign companies, companies that are part of domestic industrial …

Persistent link: https://www.econbiz.de/10005677539

Sources of Finance, R&D Investment and Productivity: Correlation or Causality?

Lööf, Hans; Heshmati, Almas - Centre of Excellence for Science and Innovation … - 2004

In general there is agreement about the positive impacts of R&D on performance of firms measured as productivity, profitability and growth. However, the opposite relationship is less obvious and very little attention has been paid on examining the feedback from performance on investment. This...

Persistent link: https://www.econbiz.de/10005644940

Opacity of Young Firms: Faith or Fact?

Hyytinen, Ari; Pajarinen, Mika - Elinkeinoelämän Tutkimuslaitos (ETLA) - 2004

Persistent link: https://www.econbiz.de/10005818387

Credit and Cash-in-Advance in Disequilibrium Models

Hoog, Sander van der - Society for Computational Economics - SCE - 2004

An agent-based computational model is studied with a sequential market structure. We consider a stationary exchange economy with trade taking place outside equilibrium. This implies quantity rationing and cash in advance constraints. The updating of prices and cash balances makes it necessary...

Persistent link: https://www.econbiz.de/10005706498

Do financial constraints hold back innovation and growth? Evidence on the role of public policy

Hyytinen, Ari; Toivanen, Otto - 2003

This paper provides evidence that capital market imperfections hold back innovation and growth, and that public policy can complement capital markets. We deliver the evidence by studying the effects of government funding on the behavior of SMEs in Finland. By adapting the methodology recently...

Persistent link: https://www.econbiz.de/10010285181

Firm Performance and Selection in an emerging Economy: Micro Evidence from Slovenia

Konings, Jozef; Xavier, Ana - Royal Economic Society - RES - 2003

industry pre-transition conditions including size, ownership, financial constraints, trade and market structure are used to … financial constraints, high costs or trading abroad. …

Persistent link: https://www.econbiz.de/10005398532

Investment, R&D and Financial Constraints in Britain and Germany

Bond, Stephen; Harhoff, Dietmar; Reenen, John Van - Centre for Economic Performance, LSE - 2003

suggest that financial constraints are more significant in Britain, that they affect the decision to engage in R&D rather than …Investment, R&D and Financial Constraints in Britain and Germany Stephen Bond, Dietmar Harhoff and John Van Reenen …. These results suggest that financial constraints are more significant in Britain, that they affect the decision to engage …

Persistent link: https://www.econbiz.de/10004967669

Investment, R&D and financial constraints in Britain and Germany

Bond, Stephen; Harhoff, Dietmar; Van Reenen, John - London School of Economics (LSE) - 2003

suggest that financial constraints are more significant in Britain, that they affect the decision to engage in R&D rather than …

Persistent link: https://www.econbiz.de/10010884496

Corporate R&D and productivity in Germany and the United Kingdom

Bond, Stephen; Harhoff, Dietmar; Van Reenen, John - London School of Economics (LSE) - 2003

This paper analyzes differences in R&D spending and in the impact of R&D on productivity between German and UK firms. We confirm that German firms spend significantly larger amounts on R&D than their UK counterparts, even after controlling for firm size and industry effects. Using a dynamic...

Persistent link: https://www.econbiz.de/10010745353