Search Results - subject:"Financing constraints"

Bank financing for SMEs : evidence across countries and bank ownership types

Beck, Thorsten; Demirgüç-Kunt, Asli; Martínez … - In: Journal of financial services research : JFSR 39 (2011) 1/2, pp. 35-54

Persistent link: https://www.econbiz.de/10009247628

The Financing of Research and Development

Hall, Bronwyn H. - Institute of Business and Economic Research (IBER), … - 2002

Evidence on the "funding gap" for R&D is surveyed. The focus is on financial market reasons for underinvestment in R&D that persist even in the absence of externality-induced underinvestment. The conclusions are that 1) small and new innovative firms experience high costs of capital that are...

Persistent link: https://www.econbiz.de/10010843286

Financial Constraints and the Balance Sheet Channel: a Re-Interpretation

Gallegati, Marco - Dipartimento di Scienze Economiche e Sociali, Facoltà … - 2002

Aggregate demand models extending IS/LM fixed price framework yield an enhancement mechanism of the traditional monetary transmission mechanism, the credit channel, which, according to the credit view, works through the "balance sheet channel" and the "bank lending channel". In this paper I...

Persistent link: https://www.econbiz.de/10004989692

Investment, Financing Constraints and the Euler Equation

Saltari, Enrico; Travaglini, Giuseppe - Dipartimento di Economia e Diritto, Facoltà di Economia - 2002

In what follows, we show that financing constraints affects firm's investment decisions before the constraints is …

Persistent link: https://www.econbiz.de/10009649856

Financing Constrains as Determinants of the Investment Behaviour of Estonian Firms

Maaso, Jaan - In: Baltic Journal of Economics 3 (2002) 1, pp. 8-30

paper we investigate whether there is underinvestment due to financing constraints in Estonian manufacturing firms. Firm …

Persistent link: https://www.econbiz.de/10009416173

The Financing of Research and Development

Hall, Bronwyn - Institute of Business and Economic Research (IBER), … - 2002

Persistent link: https://www.econbiz.de/10010677922

Business Taxation, Corporate Finance and Economic Performance

Keuschnigg, Christian; Ribi, Evelyn - School of Economics and Political Science, Universität … - 2010

This survey of recent research in corporate finance discusses how business taxes, subsidies as well as a country's institutional development affect several important decision margins of heterogeneous firms. We argue that innovative firms, as a result of agency problems between insiders and...

Persistent link: https://www.econbiz.de/10008542827

A Dynamic Model of Housing Demand: Estimation and Policy Implications

Bajari, Patrick; Chan, Phoebe; Krueger, Dirk; Miller, Daniel - C.E.P.R. Discussion Papers - 2010

Using data from the Panel Study of Income Dynamics (PSID) we specify, estimate and simulate a dynamic structural model of housing demand. Our model generalizes previous applied econometric work by incorporating realistic features of the housing market including non-convex adjustment costs from...

Persistent link: https://www.econbiz.de/10008554234

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

Ding, Sai; Guariglia, Alessandra; Knight, John - Scottish Institute for Research in Economics (SIRE) - 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/10010553618

Is the investment-cash flow sensitivity still useful to gauge financing constraints?

Chichti, Jamel E.; Mansour, Walid - In: International Journal of Economic Policy in Emerging … 3 (2010) 1, pp. 71-84

symptomatic of financing constraints. In this paper, we revisit the debate among authors regarding the usefulness of the so … indicator of financing constraints is sceptical. …Most of the papers in corporate finance use the investment-cash flow sensitivity as a key metric to gauge financing …

Persistent link: https://www.econbiz.de/10008755557