Search Results - subject:"constraint"

Regulatory collateral requirements and delinquency rate in a two-agent new Keynesian model

Kharazi, Aicha; Ravazzolo, Francesco - 2023

Persistent link: https://www.econbiz.de/10013549888

The role of risk rationing in rural credit demand and uptake : lessons from Kyrgyzstan

Kuhn, Lena; Bobojonov, Ihtiyor - In: Agricultural finance review 83 (2023) 1, pp. 1-20

Persistent link: https://www.econbiz.de/10013552606

What's in the Text? - a Text-Based Financial Constraint Index for Indian Manufacturing Firms

Jose, Amal; Bhaduri, Saumitra N. - 2023

the severity of financial constraints by calculating the percentage of constraint phrases in the annual report. Using … robust validation, the study finds that the text-based index (PMM index) outperforms the conventional financial constraint … proxies in capturing the severity of financial constraint. The PMM index has higher accuracy and f-score and predicts the …

Persistent link: https://www.econbiz.de/10014353716

Financial Constraints, Wages and Macroeconomic Implications

Arabzadeh, Hamzeh; Balleer, Almut; Gehrke, Britta - 2023

How do individual wages adjust to changes in financial constraints at the firm-level and what does this imply about aggregate wage dynamics in recessions with tight financial constraints? We derive testable implications for different theoretical mechanisms and estimate these based on German...

Persistent link: https://www.econbiz.de/10014353860

The Effect of Financial Constraints on Inventory Holdings

Bustos, Emil - 2023

This paper investigates the impact of financial constraints on firms' inventory holdings, an area of significant interest given that inventories are volatile over the business cycle. I use detailed data on Swedish firms' balance sheets, income statements, and credit scores. I employ a regression...

Persistent link: https://www.econbiz.de/10014354493

Reallocation, Financial Frictions, and Unconventional Monetary Policy

Alam, M. Jahangir; Alvi, Eskander - 2023

We provide evidence that tighter monetary shocks reduce allocative efficiency, however, the effect of these shocks differs by firm characteristics such as markup, size, and age of firms. To identify the effect of these shocks, we use the Structural Vector Autoregressive (SVAR) model and the...

Persistent link: https://www.econbiz.de/10014354540

Too Levered for Pigou : Carbon Pricing, Financial Constraints, and Leverage Regulation

Döttling, Robin; Rola-Janicka, Magdalena - 2023

We analyze jointly optimal carbon pricing and leverage regulation in a model with financial constraints and endogenous climate-related transition and physical risks. The socially optimal emissions tax is below the Pigouvian benchmark (equal to the direct social cost of emissions) when emissions...

Persistent link: https://www.econbiz.de/10014354928

Hasan, Iftekhar; Lee, Haekwon; Qiu, Buhui; Saunders, Anthony - 2023

Using lenders becoming members of the Task Force on Climate-Related Financial Disclosures (TCFD) as a plausible exogeneous shock, we examine whether and how lenders’ commitment to transparent climate-related disclosures affects borrower firms’ environmental performance. We find that client...

Persistent link: https://www.econbiz.de/10014355208

Proportional Reinsurance and Investment in Multiple Risky Assets Under Borrowing Constraints

Yener, Haluk - 2023

relax the borrowing constraint and apply the techniques of stochastic optimal control. In this way, we find the optimal … probability under the borrowing constraint. Furthermore, from our solutions, we show how our results connect to economic survival …

Persistent link: https://www.econbiz.de/10014355605

Private Equity and Corporate Borrowing Constraints : A Comment

Ayash, Brian - 2023

This paper attempts to assist fellow leveraged buyout researchers understand nuanced details of corporate finance and leveraged buyouts, in particular. Given Haque, Jang, and Mayer (2022) is produced by esteemed colleagues at prestigious intuitions (Board of Governors of the Federal Reserve...

Persistent link: https://www.econbiz.de/10014362053