entrepreneurship is due to financing constraints. I exploit a tax reform and use unique micro-data from Denmark to study how exogenous … of financing constraints), the greatest relative decline in entry came from individuals with lower human capital, many of …

financing constraints and evaluates its distribution on a balanced panel of SMEs. For application and cross-country comparison … the Czech Republic our results suggest that firms were more constrained during the crisis and their financing constraints … financing constraints in Slovakia and the Czech Republic. …

We investigate the extent to which financing constraints affect the innovation activities of over 120,000 mainly …

support the market power hypothesis, namely, that increased market power results in increased financing constraints for SMEs … true relationship between bank market power and financing constraints might not be fully explained by the existing theory …. Finally, we find that the effect of bank market power on financing constraints increases in financial systems that are more …

investigate both a case in which the firms have optimal financial structures, and a case in which financing constraints require … due to financing constraints can lower the first-mover advantage and weaken preemptive competition. Especially with strong … the value of a firm and accelerate investment, even in the presence of preemptive competition. Notably, financing …

’ financing constraints and monitoring problems and improves the effectiveness of their innovation activities. Institutional … reduced the financing constraints on independent firms more than for business group affiliates in R&D investment. Independent …