Search Results - subject:"Liquidity constraints"

The financial (in)stability real interest rate, r**

Akinci, Ozge; Benigno, Gianluca; Del Negro, Marco; … - 2021

Persistent link: https://www.econbiz.de/10012439178

Firms' resilience to financial constraints : the role of trade credit

Marcelin, Isaac; Brink, Daniel; Sun, Wei - 2021

We study the role of trade credit in enhancing the resilience of financially constrained firms from 2010 to 2017. Implicit borrowing in trade finance allows financially constrained firms to bridge the financing gap, expand employment by 8.26 per cent, and increase average firm profits...

Persistent link: https://www.econbiz.de/10012509277

SME investment determinants and financing constraints: a stochastic frontier approach

Martinez Cillero, Maria; Lawless, Martina; O'Toole, Conor - 2021

In this paper, we explore the link between SME investment, firm economic characteristics, and the presence of financing constraints during the post-2008 crisis recovery period in Ireland. We use novel survey data between 2016 and 2018, which disaggregates investment by asset type and allows a...

Persistent link: https://www.econbiz.de/10012510299

Taxing Property in Developing Countries : Theory and Evidence from Mexico

Brockmeyer, Anne; Estefan, Alejandro; Ramírez Arras, Karina - National Bureau of Economic Research - 2021

Property taxes in developing countries are plagued by noncompliance and can exacerbate liquidity constraints. We … enhanced enforcement raise revenue, but liquidity constraints also shape taxpayer behavior. Despite the presence of liquidity … constraints, we find that raising tax rates increases welfare. In contrast, enforcement generates higher private costs than …

Persistent link: https://www.econbiz.de/10012510516

Financial constraints across Pakistani listed firms

Qasim, Saira - In: International journal of finance & banking studies : JJFBS 10 (2021) 2, pp. 57-69

Persistent link: https://www.econbiz.de/10012588765

Formal credit constraint and prevalence of reciprocal loans in rural China

Zhao, Jianmei - In: Open economics 4 (2021) 1, pp. 1-13

The unique feature of the rural credit market in China is the dominance of zero collateral and zero-interest reciprocal lending and its long-term coexistence with the formal loan. This paper investigates the association between formal credit constraint and prevalence of reciprocal loans in rural...

Persistent link: https://www.econbiz.de/10012589317

Financial constraint, trust, and export performances : firm-level evidence from Africa

Konte, Maty; Ndubuisi, Gideon Onyewuchi - In: Journal of institutional economics 17 (2021) 4, pp. 583-605

Persistent link: https://www.econbiz.de/10012593494

Optimal corrective policies under financial frictions

Schabert, Andreas - 2021

This paper examines credit market policies under pecuniary externalities induced by collateral constraints. Pigouvian taxes/subsidies on debt or savings are derived as Ramsey-optimal policies. Firstly, prudential (ex-ante) debt taxes can restore constrained efficiency. Secondly, when policies...

Persistent link: https://www.econbiz.de/10012594950

Stationarity-inducing techniques in small open economy models with collateral constraints

Dimakopoulou, Vasiliki - In: Open economies review 32 (2021) 4, pp. 725-738

Persistent link: https://www.econbiz.de/10012659038

Do financing constraints hinder corporate fixed investment? : evidence from the Amman stock exchange

Khataybeh, Mohammad A. - In: Cogent business & management 8 (2021) 1, pp. 1-11

This research provides new evidence on financing constraints on corporate fixed investment by emphasizing the role of cash holdings as a precautionary source of funds. Applying GMM estimates to a sample of 106 Jordanian firms, the results suggest that firms follow trade-off theory in financing...

Persistent link: https://www.econbiz.de/10012662096