issue bonds whereas the returns are similar when they issue stocks. Also, firms that face higher financial constraints are …

issue bonds whereas the returns are similar when they issue stocks. Also, firms that face higher financial constraints are …

-level financial constraints as well as on the location the foreign affiliates. We find that financial factors constrain firms’ foreign … investment decisions, an effect felt in particular by large firms. Financial constraints at the parent level matter for the … extensive, but less so for the intensive margin. For the intensive margin, financial constraints at the affiliate level are …

financial constraints on decisions to attend college. …

financial constraints on decisions to attend college. …

industry. We afterwards estimate an investment equation which enables us to check whether these firms were subject to financial … constraints. Our main results are : (1) mark-up and leverage have larger significant effects for small firms during recessions …

In this paper we study the influence of financial constraints on the investment behavior of French firms by estimating …