This paper conducts an empirical investigation of the finance-growth nexus at firm level. We exploit a large panel of Italian manufacturing firms observed over the period 1998-2003 to jointly assess the impact of cash flow and leverage on corporate growth measured in terms of employees and...

We study the relationships between firm financial structure and growth for a large sample of Italian firms (1998-2003). We expand upon existing analyses testing whether liquidity constraints affect firm performance by considering among growth determinants also firm debt structure. Panel...

We study the relationships between firm financial structure and growth for a large sample of Italian firms observed from 1998 to 2003. We expand upon existing analyses testing whether liquidity constraints affect firm performance by considering among growth determinants also firm debt structure....

The likelihood of success of grantmaking on large scale projects depends in general on pieces of information widely dispersed and privately held by recipients, public agencies, nongovernmental organizations and other interested parties. In this paper we discuss how philanthropists could...