Search Results - subject:"Financial constraints"

The influence of financial constraints and real options on corporate investment decisions

Kuzmicheva, Ekaterina; Kuzmichev, Kirill - National Research University Higher School of Economics - 2013

This paper presents evidence of the negative combined effect of financial constraints and real options on corporate … uncertainty surrounding a firm, the real options effect increases the influence of financial constraints on investment. To this … to relatively low, and we have constructed an index of financial constraints. …

Persistent link: https://www.econbiz.de/10010717762

Do Size, Age and Dividend Policy Provide Useful Measures of Financing Constraints? New Evidence from a Panel of Portuguese Firms

Carreira, Carlos; Silva, Filipe - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2013

This paper investigates if firms’ size and age, and dividend payment can work as good proxies of financial constraints … policy and financial constraints, they cast some doubts on previously devised relationships between age and the level of … financial constraints seems to be in general U-shaped. …

Persistent link: https://www.econbiz.de/10010721855

INSIDE FINANCE CONSTRAINTS ON THE GROWTH OF ITALIAN SMALL MEDIUM SIZED ENTREPRINSES

DONATI, Cristiana; CINQUEGRANA, Giuseppe; SARNO, Domenico - In: Theoretical and Practical Research in Economic Fields III (2013) 2, pp. 59-72

Our study confirms that the financial constraints of the SME's growth tend to appear as an excess of sensibility of the …

Persistent link: https://www.econbiz.de/10010604541

Financial constraints and the failure of innovation projects

Segarra, Agustí; García-Quevedo, José; Teruel, Mercedes - Institut d'Economia de Barcelona (IEB), Facultat … - 2013

Theoretical and empirical approaches have stressed the existence of financial constraints in innovative activities of … constraints and the decision to abandon an innovation project. Our results show that financial constraints most affect the …-KIS service sectors are more sensitive to financial constraints. …

Persistent link: https://www.econbiz.de/10010668419

Cyclical macroeconomic policy, financial regulation and economic growth

Aghion, Philippe; Kharroubi, Enisse - 2013

Persistent link: https://www.econbiz.de/10010253528

Financial fragility and the distribution of firm growth rates

Bottazzi, Giulio; Secchi, Angelo - 2013

Analyzing a comprehensive database of limited liability manufacturing firms this paper investigates the relation between a firm’s financial situation and its conditional expected growth rate. Specifically, using quantile regressions, we obtain a quantitative characterization of this relation...

Persistent link: https://www.econbiz.de/10009760791

The effects of international financial integration in a model with heterogeneous firms and credit frictions

Clemens, Christiane; Heinemann, Maik - 2013

general equilibrium model of occupational choice with financial constraints and idiosyncratic risks. We discuss the … for economies where financial constraints on entrepreneurial activity are very tight. Here, we observe an accumulation …

Persistent link: https://www.econbiz.de/10010199729

Procurement and predation : dynamic sourcing from financially constrained suppliers

Arve, Malin - 2013

This paper studies the interaction between financially constrained and financially strong firms on a procurement market. It characterizes and discusses a procurement agency's optimal response when faced with financially asymmetric firms. By considering a dynamic setting, both present and future...

Persistent link: https://www.econbiz.de/10010200427

The market for "rough diamonds" : information, finance and wage inequality

Koutmeridis, Theodore - 2013

Persistent link: https://www.econbiz.de/10010241561

Cultural adaptation, financial constraints and student mobility to Borneo, Malaysia

Ambali, Abdul Raufu; Bakar, Ahmad Naqiyuddin; Suratman, … - In: Asian Journal of Empirical Research 3 (2013) 6, pp. 663-673

between external financial constraints and student mobility with β values = 0.05, but it is not significant as p>0 … relationship exists between internal financial constraints and students’ mobility to Borneo with β = -0.187, t-value = -3.95, p<0 …

Persistent link: https://www.econbiz.de/10009779162