Financing Constraints
Insider trading and financing constraints
... corporate financing constraints due to market imperfections that make external capital more expensive than internal capital and, consequently, increase firms' reliance on internal funds to finance their ...
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Can the Construction of Social Credit System Alleviate the Influence of Financing Constraints on the Growth of Enterprises?
... of financing constraints on the growth of enterprises has been the focus of academic ...attention. Financing is an important condition to determine the growth of enterprises, and small and ...
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Firms’ Financing Constraints: Do Perceptions Match the Actual Situation?
... greater financing problems than public, large and more mature ...on financing constraints, it would be important to control for the age and size of the ...
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Financing Constraints And Financial Development: Evidence From Selected African Countries
... The extant research provides evidence consistent with the theoretical prediction. Rajan and Zingales (1998) empirically found that an increase in financial development will induce a bigger impact on industrial growth if ...
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Research on the Relationship between Managerial Overconfidence and Corporate R & D Investment in the Context of Financing Constraints
... external financing cost, so that domestic companies are facing strong or weak financing ...financial constraints on R & D investment respectively and ob- tained a more consistent ...study. ...
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Effects of Financial Liberalization and Political Connection on Listed Chinese Firms’ Financing Constraints
... significant financing constraints ...the constraints by a large margin (- ...the constraints is significant at 1 ...credit constraints, probably via stricter market disciplines, as the ...
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A note on a semiparametric approach to estimating financing constraints in firms
... experiences financing constraints, it is likely that within the group there is significant heterogeneity in the marginal impact of cash flow (and indeed other relevant firm characteristics such as leverage) ...
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Financial liberalization and financing constraints: some evidence from panel data of listed Chinese firms
... greater financing constraints and therefore they choose to hold more cash as a precaution against liquidity ...firms’ financing constraints, we construct a financial liberalization index and a ...
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Exporting under Financing Constraints: Firm level Evidence from EU Countries ESRI WP530 April 2016
... In this section we discuss the estimates of our analysis of export participation and export intensity under financing constraints. Table 4 shows the estimates of the single equation probit model described ...
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Does the Pay Gap in the Top Management Team Incent Enterprise Innovation?—Based on Property Rights and Financing Constraints
... financing constraints. While in the group of enterprises with weak financing constraints, the coefficient of Teamgap in column (5) is ...strong financing constraints, they cannot ...
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Chinese Firms’ Political Connection, Ownership, and Financing Constraints
... firms’ financing constraints and investment in transition ...internal financing constraints than firms in Poland and the Czech Republic, the two “fast ...the financing ...
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Investment and Financing Constraints in Iran
... We use a panel of over 804 stock firms-Years over the period 2005-2011 to analyze the linkages between investment in fixed and working capital and financing constraints. We analyze relation between ...
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Financing constraints and firm dynamics
... detecting financing constraints, it is finally important to note th at the cash flow-investment literature does not answer the most im portant question, which in stead receives maximum attention in the ...
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The impact of financing constraints on investment
... The focus on growing firms is sensible, since a firm ’s demand for capital m ust be high enough to make potential financing constraints bind (or very nearly bind). However, there is no good reason to assume ...
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Optimal capital stock and financing constraints
... In this paper we have studied …rm’s behavior under …nancing constraints. In our model credit rationing a¤ects investment decisions in all periods, even when the constraint is not directly e¤ective. When investment ...
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Relationship Lending and Financing Constraints: Firm Level Evidence for India
... The final specification introduces, in addition to firm ownership dummies, dummies for the ownership of the main bank. Accordingly, we introduce dummies for the new private (Dum_NPVT), public (Dum_PSB) and foreign ...
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Does bank market power affect SME financing constraints?
... financing constraints will reduce investment and increase liquid assets in the current period in order to smooth their constraint over time, giving rise to a negative (or less positive) cash-investment relationship ...
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Business competitiveness and export financing constraints: case of Morocco
... Toutefois un ensemble de facteurs peuvent agir sur cette compétitivité, notamment la maitrise des modalités de financement, en effet celle-ci se présente comme l’un des[r] ...
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Cash Breeds Success: The Role of Financing Constraints in Patent Races
... This procedure assumes that any non-cited …rm evaluates its chances for every race based on its characteristics and all the others, using our model. Firms with a low rank drop out of the race early enough, so that ...
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Cash breeds success : the role of financing constraints in patent races
... Our model distinguishes …rms in an industry in terms of their technological standing. The empirical analysis isolates the e¤ects of patenting experience from those of incumbency by counting separately the cited and ...
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