Does corporate finance literature accurately identify firms facing homogeneous financing constraints when studying the … impact of financing constraints on corporate investment? The short answer is no. The common practice of using pre … classes of firms facing homogenous financing constraints independently of the financing constraints metric used. Moreover, we …

, we find that low financing costs can lead to over-investment. The welfare loss from cash constraints is more severe for …

demonstrate that FSE alleviated financial constraints, allowing families to distribute educational investments more equitably …

employers that provide short hours, and hour constraints are prevalent. Voluntary job transitions imply that a ratio of the … average absolute deviation between observed and optimal hours is about 15%, and constraints on hours are particularly acute …. These findings suggest that hour constraints are an equilibrium feature of the labor market because long-hour jobs are …

elicit demand from rural households using real-purchase offers. We randomly relax supply-side constraints among vendors by …

Using confidential microdata, we show that shocks to primary dealers' risk-bearing constraints have significant effects … on the US Treasury securities market. In response to tighter constraints, dealers reduce their Treasury positions … that contribute more to the utilization of risk constraints. The impaired intermediation also affects Treasury yields …

influences the estimated coefficients. This paper fills this gap and shows that non-crossing constraints are a type of fused …