Search Results - subject:"Financial constraints"

Financial Development and Employment: Evidence from Transition Countries

Schäfer, Dorothea; Steiner, Susan - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014

This paper studies the association between a country's level of financial development and firms' employment growth. We employ an incomplete contract model for evaluating this association. The model proposes that a high level of financial development affects the employment of firms with low...

Persistent link: https://www.econbiz.de/10011128835

The Impact of the Financial Crisis on Innovation and Growth: Evidence from Technology Research and Development

Alfranseder, Emanuel; Dzhamalova, Valeriia - Knut Wicksells centrum för finansvetenskap, … - 2014

particular research and development (R&D) expenditures. We measure financial constraints and financial distress of firms and …

Persistent link: https://www.econbiz.de/10011132253

Financial Constraints, Intangible Assets, and Firm Dynamics: Theory and Evidence

Chen, Sophia - International Monetary Fund (IMF) - 2014

model of endogenous financial constraints in which firm size and value are limited by the enforceability of financial …

Persistent link: https://www.econbiz.de/10011142148

Financial Constraints, Antitakeover Protection, and Corporate Innovation: An Empirical Analysis using Antitakeover Legislation

Zeng, Hongchao - In: Review of Economics & Finance 4 (2014) August, pp. 1-15

We examine the impact of financial constraints on the relation between antitakeover protection and corporate innovation … effect associated with increased antitakeover protection. On the other hand, the disciplinary role of financial constraints …

Persistent link: https://www.econbiz.de/10011096961

Access to Credit as a Growth Constraint

Volk, Matjaž; Trefalt, Polona - In: Journal of Banking and Financial Economics 1 (2014) 1, pp. 29-39

From a sample of 75,854 Slovenian firms in the period 1995-2011, we examine the effects of a firm's access to bank credit on its growth. The results suggest that as the external financing constraint relaxes and firm gets access to credit, the reliance on internal funds to finance growth...

Persistent link: https://www.econbiz.de/10011099748

Credit Constrained R&D Spending and Technological Change

Aßmuth, Pascal - Institut für Mathematische Wirtschaftsforschung, … - 2014

Firms often rely on external financing in order to conduct R&D. The question is to what extend discriminatory behaviour of the funds provider affects the industry evolution. The model is based on an evolutionary framework by Nelson and Winter. A firm chooses its R&D spending in an adaptive...

Persistent link: https://www.econbiz.de/10011100262

Laboratory Professionals in Africa: The Backbone of Quality Diagnostics

Schneidman, Miriam; Dacombe, Russell J.; Carter, Jane - Economics Research, World Bank Group - 2014

Laboratories have historically been under supported in developing country health systems resulting in poor quality diagnosis and inadequate disease surveillance. Laboratory professionals are predominantly male with relatively limited female labor participation, with potential gender based...

Persistent link: https://www.econbiz.de/10011100430

SMEs, financial constraints and growth

Banerjee, Ryan - Bank for International Settlements (BIS) - 2014

contributors to profit growth across advanced economies. It them examines the impact of financial constraints on profitability … financial constraints reduced profitability in the cohort of more mature firms that were start-ups just before the financial …

Persistent link: https://www.econbiz.de/10011106745

Bankruptcy, Investment, and Financial Constraints: Evidence from a Post-Transition Economy

Pospisil, Martin; Schwarz, Jiri - Česká Národní Banka - 2014

, financial constraints, and bankruptcy in a post-transition country. Our data constitute a dynamic panel and cover the period … sensitivity to analyze financial constraints we find there is robust evidence that cash flow and the level of debt have a positive … existence of financial constraints, proxied by investmentâ€“cash flow sensitivity, is evident mainly after 2008 and in small and …

Persistent link: https://www.econbiz.de/10011156771

Policy initiatives and firms access to external finance: Evidence from a panel of emerging Asian economies

Bose, Udichibarna; MacDonald, Ronald; Tsoukas, Serafeim - Department of Economics, Adam Smith Business School - 2014

This paper analyses the impact of policy initiatives co-ordinated by Asian national governments on firms access to external finance, using a unique firm-level database of eight Asian countries- Hong Kong SAR, Indonesia, Korea, Malaysia, Philippines, Singapore, Taiwan and Thailand over the...

Persistent link: https://www.econbiz.de/10011157220