the effects of financial barriers to the innovation propensity of Italian SMEs. Employing direct measures of financial … constraints and a credit-score estimated ad hoc, I find financially-constrained firms have a probability of innovating that is …

how liquidity shocks change recipients’ behavior through direct effects on reducing financial constraints. However, the … with relieving financial constraints, and indirect effects associated with spillovers to other individuals. Results suggest … mutual assistance between households than to financial constraints. …

costs at the firm level as well as the existence of financial constraints. These extensions to the heterogenous-firms models … analysis shows that falling trade costs and improving credit markets (or less financial constraints) improve firm performance … and financial constraints on the ability to enter the export market, but future additions to the robustness of the data in …

. Financial constraints associates with: (i) narrower product/destination margins; (ii) higher probability to drop products and …

This paper presents evidence of the combined effect of financial constraints and attitudes towards risk in corporate … of financial constraints, risk-taking companies tend to decrease investment to a lesser extent in comparison with risk …-averse companies. To show this, an index of financial constraints has been constructed, and the optimal threshold values of the index …