Search Results - subject:"Financial constraints"

Olsson, Martin; Tåg, Joacim - Institutet för Näringslivsforskning (IFN) - 2012

explanation is relaxed financial constraints: the effects are strongest in industries dependent on external finance for growth …

Persistent link: https://www.econbiz.de/10010538870

The response of the external finance premium in Asian corporate bond markets to financial characteristics, financial constraints and two financial crises

Mizen, Paul; Tsoukas, Serafeim - Department of Economics, Adam Smith Business School - 2012

Empirical investigation of the external finance premium has been conducted on the margin between internal finance and bank borrowing or equities but little attention has been given to corporate bonds, especially for the emerging Asian market. In this paper, we hypothesize that balance sheet...

Persistent link: https://www.econbiz.de/10010552499

Financial Constraints: Do They Matter to R&D Subsidy Attribution?

Silva, Filipe; Carreira, Carlos - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2012

Even though innovation subsidies and financial constraints are two closely related lines of research, the link between … innovation subsidies and their role in alleviating firms’ financial constraints. It is not the purpose of the paper to question … firms; b) they effectively reduce financial constraints. We argue that, in addition to the usual “public good” arguments …

Persistent link: https://www.econbiz.de/10010615169

Investment and Asset Growth of Asian Firms: Evidence for Financial Resilience in the Recent Financial Crisis

Guariglia, Alessandra; Mizen, Paul - Hong Kong Institute for Monetary Research (HKIMR), … - 2012

Many recent studies have pointed out that firms with cash stocks or strong cash flow are financially resilient, enabling them to continue to invest and grow even when they experience economic shocks. In this paper we ask whether Asian firms were resilient to the recent financial crisis. Using...

Persistent link: https://www.econbiz.de/10010617723

How Trade Credits Foster International Trade

Eck, Katharina; Engemann, Martina; Schnitzer, Monika - Volkswirtschaftliche Fakultät, … - 2012

. This phenomenon has been little explored so far. Our theoretical analysis shows that trade credits can alleviate financial … constraints arising from asymmetric information because they serve as a quality signal and reduce the uncertainty related to …

Persistent link: https://www.econbiz.de/10010556727

Trade liberalization and credit constraints: Why opening up may fail to promote convergence

Peters, Katrin; Schnitzer, Monika - Volkswirtschaftliche Fakultät, … - 2012

Recent evidence suggests that despite opening up a country for trade, the productivity gap between developed and emerging economies often does not close. This paper examines credit constraints as one channel held responsible for hampering convergence. Specifically, we extend a Melitz and...

Persistent link: https://www.econbiz.de/10010556732

Exporting under Financial Constraints: Margins, Switching Dynamics and Prices

Secchi, Angelo; Tamagni, Federico; Tomasi, Chiara - Dipartimento di Economia, Management e Metodi … - 2012

-selection into export and potential endogeneity of the financial constraints proxy. …

Persistent link: https://www.econbiz.de/10010561642

Cultural Proximity and Loan Outcomes

Fisman, Raymond; Paravisini, Daniel; Vig, Vikrant - eSocialSciences - 2012

Evidence is presented to show that shared codes, religious beliefs, ethnicity - cultural proximity - between lenders and borrowers improves the efficiency of credit allocation. In-group preferential treatment is identified using dyadic data on the religion and caste of bank officers and...

Persistent link: https://www.econbiz.de/10010567989

How Do Taxes Affect Investment When Firms Face Financial Constraints?

Simmler, Martin - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2012

income taxation on investment in case of binding and non-binding financial constraints. By employing two different sample … user costs in an auto-distributed-lag model is underestimated in case of neglecting the presence of financial constraints …

Persistent link: https://www.econbiz.de/10009401159

Measuring Firms' Financial Constraints: A Rough Guide

Silva, Filipe; Carreira, Carlos - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2012

The recent years have been prolific in terms of development of new measures of firms' financial constraints. This paper …

Persistent link: https://www.econbiz.de/10010680356