study, Microfinance Institutions, financing constraints, Eastern Europe, Bosnia and Herzegovina JEL Codes: G21, G11, O16 … outcomes. Instead, we explore whether microfinance alleviated financing constraints and thus played the role it should play … financing constraints that different enterprises face provides information on the ability of the financial system to cater to …

Against the backdrop of the theories developed in the real options and financing constraints literatures, this paper …

-firm relationships influence a firm’s financing constraints. The results indicate that a firm with fewer related banks maintains less …

empirical support for our theoretical predictions. The results also help to explain some contradictory findings in the financing … constraints literature. …

likelihood that they implement their innovative investment. The probability of facing financing constraints is explained by firms …

local borrowers' financing constraints. We apply our analysis on Italian data at the local market level defined as provinces …. Our findings consistently show that increased functional distance makes financing constraints more binding, it being … on financing constraints following the actual increased functional distance over the period 1996-2003 has substantially …

likelihood that they implement their innovative investment. The probability of facing financing constraints is explained by firms …

empirical support for our theoretical predictions. The results also help to explain some contradictory findings in the financing … constraints literature. …. Firms’ investment under financing constraints A euro area investigation (1) Rozália Pál (2) , European University …