Search Results - subject:"Financial constraints"

Convergence in institutions and market outcomes: cross-country and time-series evidence from the business environment and enterprise performance surveys in transition economies

Mitra, Pradeep; Muravyev, Alexander; Schaffer, Mark E. - Economics Research, World Bank Group - 2009

This paper uses firm-level data from the Business Environment and Enterprise Performance Surveys to study the process of convergence of transition countries with developed market economies. The study focuses on competition and market structure, finance and the structure of lending to firms, and...

Persistent link: https://www.econbiz.de/10005106885

Inequality, Mobility and Redistributive Taxation in a Finance-constrained Economy

Arawatari, Ryo; Ono, Tetsuo - Graduate School of Economics, Osaka University - 2009

This paper presents a simple model that displays a joint determination of income inequality and intergenerational mobility affected by redistributive taxation. The model shows that a larger redistribution improves equality and utility and enhances mobility when the poor are financially...

Persistent link: https://www.econbiz.de/10005109505

Banking Deregulations, Financing Constraints and Firm Entry Size

Kerr, William R.; Nanda, Ramana - Harvard Business School, Harvard University - 2009

We examine the effect of US branch banking deregulations on the entry size of new firms using micro-data from the US Census Bureau. We find that the average entry size for startups did not change following the deregulations. However, among firms that survived at least four years, a greater...

Persistent link: https://www.econbiz.de/10005087427

The Impact of Financial Structure on Firms' Financial Constraints: A Cross-Country Analysis

Baum, Christopher F.; Schäfer, Dorothea; Talavera, … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009

level influence their financial constraints. For this purpose we merge Almeida, Campello and Weisbach (2004), a pathbreaking … new design for evaluating a firm's financial constraints, with Levine (2002), who paved the way for comparative analysis …

Persistent link: https://www.econbiz.de/10005068852

Why Do Firms Switch Their Main Bank?: Theory and Evidence from Ukraine

Stephan, Andreas; Tsapin, Andriy; Talavera, Oleksandr - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009

We examine why firms change their main bank and how this affects loans, interest payments and firm performance after switching. Using unique firm-bank matched Ukrainian data, the treatment effect estimates suggest that more transparent and riskier companies are more likely to switch their main...

Persistent link: https://www.econbiz.de/10005068870

Firm-Specific Factor Market Constraints and FDI: Evidence from Germany

Arndt, Christian; Buch, Claudia M.; Mattes, Anselm - Dipartimento di Economia, Management e Metodi … - 2009

effect. Third, financial constraints have a mixed impact as well. While self-reported financial constraints do not …

Persistent link: https://www.econbiz.de/10005018093

Why Do Firms Switch Their Main Bank? - theory and evidence from Ukraine

Stephan, Andreas; Tsapin, Andriy; Talavera, Oleksandr - Centre of Excellence for Science and Innovation … - 2009

Persistent link: https://www.econbiz.de/10005025454

Basel II Capital Requirements, Firms' Heterogeneity, and the Business Cycle

Drumond, Ines; Jorge, José - Faculdade de Economia, Universidade do Porto - 2009

This paper assesses the potential procyclical effects of Basel II capital requirements by evaluating to what extent those effects depend on the composition of banks' asset portfolios and on how borrowers' credit risk evolves over the business cycle. By developing a heterogeneous-agent general...

Persistent link: https://www.econbiz.de/10005031591

Vertical Integration and Investor Protection in Developing Countries

Macchiavello, Rocco - Fondazione ENI Enrico Mattei (FEEM) - 2009

arrangements among small, financially constrained firms. This paper asks whether vertical integration relaxes those financial … constraints. It shows that vertical integration trades off the benefits of joint liability against the costs of rendering the …

Persistent link: https://www.econbiz.de/10008502126

Barriers to Internationalization: Firm-Level Evidence from Germany

Arndt, Christian; Buch, Claudia; Mattes, Anselm - Institut für Angewandte Wirtschaftsforschung (IAW) - 2009

productivity, financial constraints and labor market constraints might constitute barriers to entry into foreign markets. We … constraints constitute a more severe barrier to foreign activities than financial constraints. Being covered by collective … size and productivity on firms’ international activities. Second, small firms suffer more frequently from financial …

Persistent link: https://www.econbiz.de/10008506798