There is a robust literature on the relationship between financing constraints and real investment. Little has been … said on the relationship between financing constraints and capital stock in the long run. This note focuses on this last … financing constraints the firm does not limit itself to reducing its investment when the upper limit is reached. What it …

considered as a measure of financing constraints and that (ii) the relationship between operational proximity and financing … constraints is non linear with an investment-cash flow relationship supposed to be increasing for low levels of operational … proximity below a certain threshold and decreasing for high levels of it. The adverse effect of functional distance on financing …

financing constraints are examined: internal finance, debt ceiling and exponential interest costs. To study the growth dynamics …

The empirical application of the financing constraints paradigm supports the joint hypothesis that con-strained firms … management to the possibility of financing constraints. A fertile area of empirical research addresses the determina-tion of … constraints. I argue that knowledge of such targets allows for a more precise identification of which firms face financing …