Search Results - subject:"Financing constraints"

Investment and financing constraints in China: does working capital management make a difference?

Guariglia, Alessandra; Ding, Sai; Knight, John - Department of Economics and Finance, Business School - 2010

linkages between investment in fixed and working capital and financing constraints. We find that those firms characterized by … that, despite severe external financing constraints, those firms with low FKS and high WKS exhibit the highest fixed … investment rates. This suggests that good working capital management may help firms to alleviate the effects of financing …

Persistent link: https://www.econbiz.de/10009293618

Investment and financing constraints in China: does working capital management make a difference?

Knight, John; Ding, Sai; Guariglia, Alessandra - Department of Economics, Oxford University - 2010

linkages between investment in fixed and working capital and financing constraints. We find that those firms characterized by … find that, despite severe external financing constraints, those firms with low FKS and high WKS exhibit the highest fixed … investment rates. This suggests that good working capital management may help firms to alleviate the effects of financing …

Persistent link: https://www.econbiz.de/10008763474

Investment and financing constraints in China: does working capital management make a difference?

Ding, Sai; Guariglia, Alessandra; Knight, John - Department of Economics, Adam Smith Business School - 2010

Persistent link: https://www.econbiz.de/10008784815

R&D, Innovation and Liquidity Constraints

Mancusi, Maria Luisa; Vezzulli, Andrea - KITeS, Centre for Knowledge, Internationalization and … - 2010

We study the effect of financing constraints on the decision to do R&D and on the level of R&D investment using survey …&D activities due to the presence of financing constraints, ceteris paribus. We also find that ignoring the endogeneity of the … financing constraints indicator and the sample selection originating from firms not interested in doing R&D induces a bias in …

Persistent link: https://www.econbiz.de/10008683414

Cash holdings, firm size and access to external finance. Evidence for the euro area

Martínez-Carrascal, Carmen - Banco de España - 2010

This paper investigates the empirical determinants of corporate cash holdings in the euro area as a function of firm size. The results show that there are significant differences in investment in liquid assets for firms of different size. More specifically, liquid assets for smaller firms in the...

Persistent link: https://www.econbiz.de/10008725821

Distances and Small Business Credit Constraints: the French case

Djedidi-Kooli, Salima - Université Paris-Dauphine (Paris IX) - 2010

a measure of financing constraints. These adverse effects are particularly acute for small firms. …

Persistent link: https://www.econbiz.de/10010707208

Financing constraints, credit rationing and financing obstacles : evidence from firm-level data in South-Eastern Europe

Hoshi, Iraj; Toçi, Valentin Z. - In: Economic and business review : EBR 12 (2010) 1, pp. 29-60

Persistent link: https://www.econbiz.de/10011617301

Innovative capability and financing constraints for innovation: More money, more innovation?

Hottenrott, Hanna; Peters, Bettina - 2009

This study presents a novel empirical approach to identify financing constraints for innovation based on the idea of an … financing constraints. Yet, we also observe constraints for financially sound firms that may have to put ideas on the shelf. …

Persistent link: https://www.econbiz.de/10010299835

Financing obstacles and growth: an analysis for euro area non-financial corporations

Coluzzi, Chiara; Ferrando, Annalisa; … - European Central Bank - 2009

This paper investigates whether financial obstacles, and, more generally, financial pressure faced by firms, significantly affect firm growth. For this purpose, we use an unbalanced panel of about 1,000,000 observations for around 155,000 non-financial corporations in five euro area countries....

Persistent link: https://www.econbiz.de/10004969187

Equity Financing and Innovation: is Europe different from the United States?

Martinsson, Gustav - Centre of Excellence for Science and Innovation … - 2009

During the mid and late 1990s young, high-tech firms in the U.S. experienced a supply shift in both internal and external equity fueling a finance driven boom in corporate R&D. I estimate dynamic R&D regression models for high-tech firms, separately for the U.K. and Continental Europe, and find...

Persistent link: https://www.econbiz.de/10004969810