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Do liquidity constraints matter in explaining firm size and growth? Some evidence from the Italian manufacturing industry

Fagiolo, Giorgio; Luzzi, Alessandra - 2004

The paper investigates whether liquidity constraints affect firm size and growth dynamics using a large longitudinal sample of Italian manufacturing firms. We run standard panel-data Gibrat regressions, suitably expanded to take into account liquidity constraints (proxied by cash flow scaled by...

Persistent link: https://www.econbiz.de/10010328431

The Impact of Business Intelligence Tools on Performance: A User Satisfaction Paradox?

Wieder, Bernhard; Ossimitz, Maria-Luise; Chamoni, Peter - In: International Journal of Economic Sciences and Applied … 5 (2012) 3, pp. 7-32

While Business Intelligence (BI) initiatives have been a top-priority of CIOs around the world for several years, accounting for billions of USD of IT investments per annum (IDC), academic research on the actual benefits derived from BI tools and the drivers of these benefits remain sparse. This...

Persistent link: https://www.econbiz.de/10011310233

Predictors of firm growth in India: An exploratory analysis using accounting information

Mishra, Sibanjan; Deb, Soumya Guha - In: Cogent Economics & Finance 6 (2018) 1, pp. 1-26

This paper aims at identifying relevant financial factors which critically affects firm revenue growth. We specifically focus on the dynamic nature of such factors across up or down-market cycles and also for different scales and size of business. The study uses annual data of 17 accounting and...

Persistent link: https://www.econbiz.de/10012657478

A strategy perspective on the performance relevance of the CFO

Venus, Andreas; Engelen, Andreas - 2012

Research on functional members of top management teams (TMTs) has increasingly drawn interest to the strategic management field over the past few years. Studies have documented the rise of the chief financial officer (CFO) to pivotal importance and considerable power within the organization. By...

Persistent link: https://www.econbiz.de/10011637458

Financial fragility and growth dynamics of Italian business firms

Bottazzi, Giulio; Secchi, Angelo; Tamagni, Federico - 2006

This work explores a number of properties investigated in the empirical literature on firm size and growth dynamics: (i) the distribution and the autoregressive structure of firm size; (ii) the existence of size-growth scaling relationships; (iii) the distribution and the autoregressive structure...

Persistent link: https://www.econbiz.de/10010328482

Risk sharing and firm size: Theory and international evidence

Giannetti, Mariassunta - 2001

This paper investigates the relationship between financial development and firm size. The model shows that the efficiency of the financial system, measured by the level of monitoring costs, affects the extent of risk sharing within an economy and through this channel the availability of external...

Persistent link: https://www.econbiz.de/10010281248

Are there financing constraints for R&D and investment in German manufacturing firms?

Harhoff, Dietmar - 1996

Using a newly constructed panel dataset of German enterprises, I estimate R&D and capital investment equations for the … time period from 1990 to 1994. Simple accelerator specifications indicate considerable sensitivity of R&D and investment to … account, but a significant positive relationship between cash flow and investment remains for relatively small firms. In the …

Persistent link: https://www.econbiz.de/10010299644

An analysis of selling concessions, reallowance fees, and price changes in the marketing of IPOs

Brau, James C.; Henry, Joseph J. - In: The Journal of Entrepreneurial Finance (JEF) 24 (2022) 4, pp. 18-46

This paper provides an economic model resulting in two distinct marketing strategies available to investment bankers …. First, we hypothesize that an increased selling effort by brokers is used most effectively when the investment clientele is …

Persistent link: https://www.econbiz.de/10015100682

The Motivating Role of Sentiment in ESG Performance: Evidence from Japanese Companies

Vuong, Ngoc Bao; Suzuki, Yoshihisa - In: East Asian Economic Review (EAER) 25 (2021) 2, pp. 125-150

The paper investigates investor sentiment's role in boosting Japanese companies to enhance their environmental, social, and corporate governance (ESG) performance. Using ESG scores of 367 firms between 2005 and 2019 from the ASSET4 database, we find that negative sentiment in the previous year,...

Persistent link: https://www.econbiz.de/10015397809

Corporate Actions as Moral Issues

Iliewa, Zwetelina; Kempf, Elisabeth; Spalt, Oliver - 2025

We examine nonpecuniary preferences across a broad set of corporate actions using a representative sample of the U.S. population. Our core findings, based on largescale online surveys, are that (i) self-reported nonpecuniary concerns are large both for stock market investors and non-investors;...

Persistent link: https://www.econbiz.de/10015409751