of financial constraints as one of the factors determining which firms will export and which will not. Through a survey … of the existing literature, the role of financial constraints that limit foreign market access to only a subset of the … firms, will be revealed. It is shown that financial constraints – even when other factors are explicitly considered (such as …

growing ones might be exposed to financial constraints. … growing ones might be exposed to financial constraints. JEL codes: L11, C14, D21, G30 Keywords: firm size, firm growth …, financial constraints ∗The research that has led to this work has been supported by the EU FP6 STREP Project CO3 Com- mon …

Financial constraints affect firms’ financial and productive decisions generating substantial macroeconomic … information of 71 non financial publicly traded companies for the period 1990 to 2004. Financial constraints faced by firms are … implications in terms of investment, economic growth, inflation and income distribution. Despite its relevance, financial …

In this paper we investigate whether small-scale businesses face financial constraints that affect their survival. We … develop a model of moral hazard in which financial constraints arise endogenously. The model predicts that higher private … assets relax financial constraints and have a positive effect on the firm's probability of survival. We test this proposition …

, productivity, financial constraints. ∗The authors gratefully acknowledge the financial support for this research by Unicredit …

that financial development may mitigate financial constraints. This effect is weaker in conglomerate subsidiaries, which …