Human capital is deemed as the first-order determinant of firm innovation. , in a transitional background such as China, financial constraints might drive the relation between human capital and innovations. We thus examine how financial constraints affect firm innovation in China. The evidence...

The paper analyses financing constraints faced by Greek SMEs in 2014-2017, exploiting the micro dataset of Greek SMEs provided by the Survey on the Access to Finance of Enterprises in the euro area (SAFE). More specifically, at the firm level, we examine whether certain characteristics of Greek...

There is a strong and growing interest in helping families move to areas with higher economic opportunity. We exploit variation in the Earned Income Tax Credit (EITC) to examine how relaxing budget constraints affects migration, with a focus on women from rural and economically distressed areas....

The investment anomaly refers to the pervasive negative predictability in future stock returns following large firm investments. I re-investigate two competing hypotheses for the potential source of the anomaly: i) prolonged mispricing due to limits to arbitrage and ii) financing constraints in...

Evidence suggests that unorganised manufacturing units are extremely credit starved. We study the effect of this credit unavailability for small firms and observe that it has altered the erstwhile production organization in a way that has led to the withdrawal of the small firms from both input...

Organizations are formed to gain long-term benefits. However, sometimes myopic management for feigned value enhancement led to the early demise of the firm. Further, to the best of our knowledge empirical role of financing constraints has not yet been explored between the relationship of...

As wages in migrant sending countries catch up with those in destinations, migrants adjust on several margins, including their duration of stay, the number of migrations they undertake, as well as the amount saved while abroad. This paper combines Mexican and U.S. data to estimate a dynamic...