Search Results - subject:"Financing constraints"

The great escape? A quantitative evaluation of the fed's liquidity facilities

Del Negro, Marco; Eggertsson, Gauti; Ferrero, Andrea; … - 2011

We introduce liquidity frictions into an otherwise standard DSGE model with nominal and real rigidities, explicitly incorporating the zero bound on the short-term nominal interest rate. Within this framework, we ask: Can a shock to the liquidity of private paper lead to a collapse in short-term...

Persistent link: https://www.econbiz.de/10010287164

Financing constraints, firm dynamics, export decisions, and aggregate productivity

Caggese, Andrea; Cuñat, Vicente - London School of Economics (LSE) - 2011

proﬁtable to access foreign markets. More importantly, the model predicts that ﬁnancing constraints, even when they have a …

Persistent link: https://www.econbiz.de/10011071255

Financial liberalization, financing constraints and political connection: evidence from Chinese firms

Yan, Isabel K.; Chan, Kenneth S.; Dang, Vinh Q.T. - Volkswirtschaftliche Fakultät, … - 2011

This paper examines the impact of recent financial liberalization in China on the financing constraints of publicly … that while firms without politically-connected CEO/Chairman face significant financing constraints and politically …

Persistent link: https://www.econbiz.de/10009369175

Chinese Firms’ Political Connection, Ownership, and Financing Constraints

Yan, Isabel K.; Chan, Kenneth S.; Dang, Vinh Q.T. - Volkswirtschaftliche Fakultät, … - 2011

We empirically examine some listed Chinese firms’ political connection, ownership, and financing constraints …. Politically-connected firms display no financing constraints whereas firms without connection experience significant constraints …

Persistent link: https://www.econbiz.de/10009369179

Financial liberalization and financing constraints: some evidence from panel data of listed Chinese firms

Yan, Isabel K.; Chan, Kenneth S.; Dang, Vinh Q.T. - Volkswirtschaftliche Fakultät, … - 2011

This paper examines the impact of recent financial liberalization in China on the financing constraints and investment … firms’ financing constraints in an Euler-equation investment model. The results indicate that while smaller firms face … significant financing constraints than larger firms, financial liberalization has raised the financing constraints for the latter …

Persistent link: https://www.econbiz.de/10009369185

Euro Area SMEs under Financial Constraints: Belief or Reality?

Artola, Concha; Genre, Veronique - CESifo - 2011

two indicators of financing constraints based on perceptions on the one side and on experienced financing constraints on …

Persistent link: https://www.econbiz.de/10009371348

Financing obstacles among euro area firms: Who suffers the most?

Ferrando, Annalisa; Griesshaber, Nicolas - 2011

In this study we investigate the determinants of financing obstacles using survey data on a sample of around 5000 firms from the euro area countries. This completely new survey – started at the end of 2009 - gives us the opportunity to test whether firm characteristics such as size, age,...

Persistent link: https://www.econbiz.de/10011605339

The effect of debt tax benefits on firm investment decisions

Addessi, William; Saltari, Enrico - Volkswirtschaftliche Fakultät, … - 2011

In this paper we question the idea that the deduction of debt interest is always an effective policy instrument to spur firm investment. We analyze the investment decision in presence of a borrowing constraint on the amount of the debt that the firm can raise. We show that if the debt interest...

Persistent link: https://www.econbiz.de/10009644918

Exchange Rate Pass-Through and Credit Constraints: Firms Price to Market as Long as They Can

Strasser, Georg - Department of Economics, Boston College - 2011

The macroeconomic evidence on the short-term impact of exchange rates on exports and prices is notoriously weak. In this paper I examine the micro-foundations of this disconnect by looking at firms' export and price setting decisions in response to fluctuations in exchange rates and credit...

Persistent link: https://www.econbiz.de/10009318156

SMES' SECTOR ACCESS TO FINANCE: AN OVERVIEW

Angela, Roman - In: Annals of Faculty of Economics 1 (2011) 1, pp. 431-437

Through their contribution to the creation of added value and new jobs, the small and medium enterprises (SMEs) have a significant role in the economic and social development of a country. However, these enterprises are facing numerous obstacles that limit their performance, growth and...

Persistent link: https://www.econbiz.de/10009366239