Results 11 to 20 of about 301,933 (307)
Bubbles and Credit Constraints [PDF]
SSRN Electronic Journal, 2011 We provide an infinite-horizon model of a production economy with bubbles, in which firms meet stochastic investment opportunities and face credit constraints. Capital is not only an input for production, but also serves as collateral. We show that bubbles on this reproducible asset may arise, which relax collateral constraints and improve investment ...
Pengfei Wang, Jianjun Miao
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An Impact Analysis of Microfinance in Bosnia and Herzegovina [PDF]
, 2007 This paper applies the financing constraint approach to study whether microfinance institutions improved access to credit for microenterprises in Bosnia and Herzegovina.
Hartarska, Valentina, Nadolnyak, Denis
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IEEE Access, 2020 There is a close logical correlation between structural reform of the financial sector and the enhancement of financial institutions' economic performance.
Zhiwei Li +3 more
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Uncertainty Shocks and Corporate Borrowing Constraints
International Journal of Financial Studies, 2023 In this paper, we study the effects of uncertainty shocks in a quantitative framework where firms in the corporate sector are constrained by credit. Specifically, we formulate borrowing constraints as a nested function that features both earnings and ...
Ahmed Kamara, Niraj P. Koirala
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Do formal credit constraints affect the rural household consumption in China?
Agricultural Economics (AGRICECON), 2014 The article investigates the consequences of credit constraints on rural household consumption in China. Based on a unique rural finance and consumption survey, the authors first identify the credit constraint status of rural households from formal ...
Jianmei ZHAO, Jun ZHANG, Peter J. BARRY
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Digital Finance and Firm Exit: Mathematical Model and Empirical Evidence from Industrial Firms
Discrete Dynamics in Nature and Society, 2021 From the perspective of financial constraint, this paper constructs a mathematical model to analyze the impact of digital financial development on firm exit probability.
Fenfen Ma +3 more
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Monitoring Costs, Credit Constraints and Entrepreneurship [PDF]
SSRN Electronic Journal, 2012 Access to finance is seen as a binding constraint on the growth of household enterprises in developing countries. We develop a principal agent model of a household enterprise and show that limited access to finance and monitoring costs constrain the firm size via both a direct and indirect effect.
Banerji, Sanjay +2 more
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Exporters, importers and credit constraints [PDF]
Journal of International Economics, 2015 AbstractThis paper analyzes the interaction between credit constraints and trading behavior, decomposing trade in extensive and intensive margins. I construct a unique dataset containing firm-level trade transaction data, balance sheets and credit scores from an independent credit insurance company for Belgian manufacturing firms between 1999 and 2007.
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Access to Credit as a Growth Constraint
Journal of Banking and Financial Economics, 2014 From a sample of 75,854 Slovenian fi rms in the period 1995–2011, we examine the effects of a fi rm’s access to bank credit on its growth. The results suggest that as the external fi nancing constraint relaxes and fi rm gets access to credit, the ...
Matjaž Volk, Polona Trefalt
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Firm characteristics and credit constraints among SMEs in the Philippines
Small Business International Review, 2021 Access to finance is critical to support the growth of small and medium-sized enterprises (SMEs). However, lack of access to adequate financing is one of the biggest obstacles that SMEs face.
John Paul Flaminiano +1 more
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