Search Results - subject:"financing constraints"

The real effects of judicial enforcement

Pezone, Vincenzo - 2020

This paper shows that judicial enforcement has substantial effects on firms’ decisions with regard to their employment policies. To establish causality, I exploit a reorganization of the court districts in Italy involving judicial district mergers as a shock to court productivity. I find that...

Persistent link: https://www.econbiz.de/10012302574

Financial Constraints and Propagation of Shocks in Production Networks

Demir Pakel, Banu; Javorcik, Beata Smarzynska; … - 2020

This study finds that even small unexpected supply shocks propagate downstream through production networks and are amplified by firms with short-term financial constraints. The unexpected 2011 increase in the tax on imports purchased with foreign-sourced trade credit is examined using data...

Persistent link: https://www.econbiz.de/10012314894

Effect of financial constraints on the growth of family and nonfamily firms in Turkey

Ergün, Bahadır; Doruk, Ömer Tuğsal - In: Financial Innovation 6 (2020) 1, pp. 1-24

findings showed that financing constraints were a significant obstacle to growth for nonfamily-owned manufacturing firms while …

Persistent link: https://www.econbiz.de/10012602861

The Real Effects of Judicial Enforcement

Pezone, Vincenzo - 2020

This paper shows that judicial enforcement has substantial effects on firms' decisions with regard to their employment policies. To establish causality, I exploit a reorganization of the court districts in Italy involving judicial district mergers as a shock to court productivity. I find that an...

Persistent link: https://www.econbiz.de/10012655965

R&D investment under financing constraints

Giebel, Marek; Kraft, Kornelius - 2020

This paper tests for the sensitivity of R&D to financing constraints conditional on restrictions in external financing …. Financing constraints of firms are identified by an exogenously calculated rating index. Restrictions in external financing are …-crisis) 2007-2009 (crisis) and 2010-2012 (post-crisis) support the theoretical prediction that financing constraints affect R …

Persistent link: https://www.econbiz.de/10012196342

Financing constraints and employers' investment in training

Brunello, Giorgio; Gereben, Áron; Weiss, Christoph; … - 2020

Using a representative sample of European firms, this paper studies whether and to what extent financing constraints … administrative data on financial statements to develop an index of financing constraints. It estimates that a 10 percent increase in … facing tighter financing constraints cut back the investment in training and tangible assets less than investment in R&D and …

Persistent link: https://www.econbiz.de/10012201498