Showing 1 - 10 of 10,766
This paper is an analysis of Japan’s credit channel. The economic condition has no hindrance, but credit demand showed an inert performance. The state’s policies have helped the flow of finance and prevent bankruptcy, but several other aspects act as an impediment to credit...
Persistent link: https://www.econbiz.de/10011244991
Firm-level fixed investment expenses are analysed using a large panel of US manufacturing firms from 1971 to 2007. Integrating the user cost of capital, q and accelerator theories of investment to one econometric specification, we estimate the impacts of sales growth, cash flow, the cost of...
Persistent link: https://www.econbiz.de/10010732429
under changing economic conditions. Raise of debt capital is crucial for SME, as financing and its availability is a …
Persistent link: https://www.econbiz.de/10010816693
This paper examines access to business finance by Canadian small and medium-sized enterprises (SMEs) and to housing finance by Canadian households (particularly non-prime borrowers) against the background of a fairly concentrated and protected banking industry. It finds access broadly adequate...
Persistent link: https://www.econbiz.de/10005769089
Persistent link: https://www.econbiz.de/10005542382
I study whether firms' reliance on intangible assets is an important determinant of financing constraints. I construct new measures of firm-level physical and intangible assets using accounting information on U.S. public firms. I find that firms with a higher share of intangible assets in total...
Persistent link: https://www.econbiz.de/10011142148
the USA and Europe in the post-bubble era. We compare the results of the 2002?2005 post-bubble period with those of the …
Persistent link: https://www.econbiz.de/10005048907
the USA and Europe in the post-bubble era. We compare the results of the 2002–2005 post-bubble period with those of the …
Persistent link: https://www.econbiz.de/10008580419
German small and medium?sized firms (SME). Special attention is paid to the role of public R&D subsidies. For this purpose … SME in Western and East-ern Germany are compared because these regions are very different in their supply of public R …&D funding. It turns out that Western German SME are financially constrained in their R&D activities by both internal and …
Persistent link: https://www.econbiz.de/10005098138
firm size, productivity, capital intensity, . . .) – to a large extent determine the firms that will be able to enter into …
Persistent link: https://www.econbiz.de/10005538957