cash flow as a measure of financial constraints. The structural modelling of investment facing financial constraints is …This paper surveys issues with respect to the structural modelling of econometric tests of investment facing financial … constraints, to their link with firms data and asset prices, and to their consequences for macroeconomic modelling. The key issue …

&D, productivity, financial constraints, panel data JEL classification: L13, 031, C25 The Centre for Economic Performance is …

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

This paper tests whether financial constraints play a disciplinary role in cash dissipation in the presence of agency … firm performance after cash dissipation and associate it with the degree of financial constraints. We find that cash … constraints on firm performance is not driven by differences in corporate governance. Financial constraints actually substitute …

financial behavior, patterns of external finance across firms, and the existence and severity of financial constraints faced by … literature that examines the relation between financial constraints and productivity. The paper provides some thoughts on …

Financial constraints are a key determinant that hinders firms' ability to export. This paper analyses the nexus … monetary integration process upon firms' financial constraints. Therefore, we estimate cash to cash-flow sensitivities for … generally helped reducing the degree of financial constraints faced by Portuguese firms. Additionally, our findings suggest that …

households. The results show that financial constraints do exist given that individuals are more likely to start a personal …We investigate the link between the propensity to become an entrepreneur and the exogenous release from financial … constraints in Germany. This is defined in terms of the movement from employment to self-employment on receipt of a financial …

In this paper we present a model of oligopoly and financial constraints. We study allocations which are bankruptcy …