Financial constraints on Brazilian firms are very high compared to advanced economies. In Brazil, 59% of firms have … countries). In this context, the objective of this work is to evaluate the impact of reductions in three different financial … constraints on the gross domestic product (GDP) per capita in Brazil. In more specific terms, our main goal is to assess which of …

financial constraints among listed Indian manufacturing firms. It also analyses the role of tangibility in alleviating financial … manufacturing firms. Results: The analysis finds that cash flow sensitivity is a valid measure of financial constraints in the … confirms cash flow sensitivity to investment as a valid measure of financial constraints. It will confirm pooling of internal …

financial constraints in establishing the relationship between cash flow and external financing. The results reveal that there … constrained firms benefit more from investing in tangible assets because such assets not only help relax financial constraints but …

We study the relationship between financial constraints and employment formalization by exploiting heterogeneity in the …

influenced by factors that impede investments, such as financial constraints. Using firm-level data, we show that financial … unconstrained firms. The amplifying effect of financial constraints is similar in upturns and downturns, implying that financially … constraints increase the sensitivity of employment to fluctuations in output considerably. When output changes, financially …