Results 11 to 20 of about 697,261 (299)
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.
Mirabelle Muûls
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Do credit constraints amplify macroeconomic fluctuations? [PDF]
SSRN Electronic Journal, 2009 Previous studies on financial frictions have been unable to establish the empirical significance of credit constraints in macroeconomic fluctuations. This paper argues that the muted impact of credit constraints stems from the absence of a mechanism to ...
Pengfei Wang, Tao Zha, Zheng Liu
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Asset bubbles and credit constraints [PDF]
American Economic Review, 2018 We provide a theory of rational stock price bubbles in production economies with infinitely lived agents. Firms meet stochastic investment opportunities and face endogenous credit constraints. They are not fully committed to repaying debt.
Miao, Jianjun, Wang, Pengfei
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Skill Acquisition, Credit Constraints, and Trade [PDF]
International Review of Economics & Finance, 2006 This paper looks at the effect of credit constraints on skill acquisition when agents have heterogeneous abilities and wealth. We use a two factor general equilibrium model and assume credit markets are absent.
Kala Krishna, Tatyana Chesnokova
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Credit Constraints in Education [PDF]
Annual Review of Economics, 2011 We review studies of the impact of credit constraints on the accumulation of human capital. Evidence suggests that credit constraints have recently become important for schooling and other aspects of households' behavior. We highlight the importance of early childhood investments, as their response largely determines the impact of credit constraints on
Lance Lochner, Alexander Monge-Naranjo
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Vertical Relations Under Credit Constraints [PDF]
Journal of the European Economic Association, 2010 We model the impact credit constraints and market risk have on the vertical relationships between …rms in the supply chain. Firms which might face credit con- straints in future investments become endogenously risk averse when accumulating pledgable income.
Nocke, Volker, Thanassoulis, John
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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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Trade credit defaults and liquidity provision by firms [PDF]
, 2007 Using a unique data set on trade credit defaults among French firms, we investigate whether and how trade credit is used to relax financial constraints.
Boissay, Frederic, Gropp, Reint
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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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Revista Contabilidade & Finanças, 2015 This article analyzes the credit constraints, using the cash flow sensitivity approach, of private and listed companies between 2007 and 2010. According to this approach, the econometric results show that the credit constraints are the same for either ...
Alan Nader Ackel Ghani +2 more
doaj +1 more source