Search Results - subject:": Financial constraints"

Identifying financial constraints

Cherchye, Laurens; Rock, Bram de; Ferrando, Annalisa; … - 2020

Persistent link: https://www.econbiz.de/10012179695

The effects of small-firm loan guarantees in the UK : insights for the COVID-19 pandemic crisis

Gonzalez-Uribe, Juanita; Wang, Su - 2020

Persistent link: https://www.econbiz.de/10012205769

Driving small and medium-sized enterprise participation in global value chains : evidence from India

Reddy, Ketan; Sasidharan, Subash - 2020

) and highlight the role of financial constraints in shaping their participation in GVCs. We use a rich unbalanced panel of … 888 SMEs for Indian manufacturing over the period 2006‒2016. While examining the effect of financial constraints on the … findings highlight that GVC firms in the sample find financial constraints to be a significant deterring factor for Indian SMEs …

Persistent link: https://www.econbiz.de/10012205870

An endogenous approach to the cyclicality of R&D investment under credit constraints : firms’ cash flow matters!

Laborda, Juan; Salas-Fumás, Vicente; Suárez, Cristina - In: Journal of open innovation : technology, market, and … 6 (2020) 2/33, pp. 1-23

effect of the business cycle on the perception of external financial constraints is subject to the availability of internal …

Persistent link: https://www.econbiz.de/10012230210

Market Sentiment and Innovation Activities

Xu, Zhaoxia - 2020

We investigate potential mechanisms through which market-wide sentiment affects firms' innovation activities. We provide evidence for the financing channel by showing that financially constrained firms are more likely to issue equity and invest more in research and development (R&D) than...

Persistent link: https://www.econbiz.de/10012830101

Value of excess cash holdings of financially unconstrained companies

Szopiński, Tomasz - In: Contemporary Economics 13 (2019) 3, pp. 293-304

This study provides an investigation into the link between financial constraints and cash holdings from the perspective … thus provides a comparison of the value of excess cash holdings by examining the impact of financial constraints. The …

Persistent link: https://www.econbiz.de/10014544626

Are Business Start-Ups Liquidity Constrained? Evidence from a Quasi-Experimental Allocation of Housing Wealth in East Germany

Fuchs, Tobias; Gebhardt, Georg - 2019

Are entrepreneurs liquidity constraint? Using quasi-random housing wealth variation resulting from communist era decisions, we argue yes, as we find that wealthier East Germans are more likely to become self-employed after reunification. In the literature, no such strong relationship was found...

Persistent link: https://www.econbiz.de/10012052871

What firms don't like about bank loans: New evidence from survey data

Kolev, Atanas; Maurin, Laurent; Ségol, Matthieu - 2019

We use the association between non-financial firms and their banks, an information available in the European Investment Bank Investment Survey (EIBIS), to disentangle the effects of borrowers' and lenders' financial weakness on the satisfaction with the loan contracted. The dataset matches...

Persistent link: https://www.econbiz.de/10012098506

A macroeconomic model with heterogeneous and financially-constrained intermediaries

Lejeune, Thomas; Wouters, Rafael - 2019

This paper analyses the risk amplification inherent in a macroeconomic model with a heterogeneous financial sector. It extends a model with an equity-constrained intermediary by adding a shadow banking intermediary with pro-cyclical leverage. It is shown that the inclusion of this intermediary...

Persistent link: https://www.econbiz.de/10012141557

Collateral Damaged? Priority Structure, Credit Supply, and Firm Performance

Cerqueiro, Geraldo; Ongena, Steven; Roszbach, Kasper - 2019

A unique legal reform in 2004 in Sweden redistributed collateral rights from banks holding floating liens to unsecured creditors without changing the value of assets on firms' balance sheets. Using a country-wide panel of all incorporated firms, we document that a zero-sum redistribution of...

Persistent link: https://www.econbiz.de/10012143946