Results 21 to 30 of about 58,747 (297)
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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Permanent income hypothesis in emerging markets: Some Brazilian evidence
EconomiA, 2018 This paper uses a dataset from one of the largest credit card issuers in Brazil to investigate the extent of credit constraints for one of the world's largest emerging market economies.
Claudio Ribeiro Lucinda +1 more
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Economies, 2022 This paper examines the sensitivity of investment to cash flow in declining economic conditions, focusing on the impact of a firm’s reliance on bank debt.
Ghada Tayem
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Housing, Consumption, and Credit Constraints [PDF]
Finance and Economics Discussion Series, 2004 I test the credit-market effects of housing wealth shocks by estimating the consumption elasticity of house price shocks among households in different age quintiles. Younger households face faster expected income growth and hence would like to borrow more than older households.
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Credit constraints and productivity in Peruvian agriculture [PDF]
Agricultural Economics, 2008 AbstractThis article evaluates the performance of a rural credit market in Peru. We develop a model that shows that collateral requirements imposed by lenders in response to asymmetric information can lead not just to quantity rationing but also to transaction cost rationing and risk rationing.
Boucher, Stephen, Guirkinger, Catherine
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Firm performance under financial constraints: evidence from sub-Saharan African countries
Journal of Innovation and Entrepreneurship, 2021 The business environment in which a firm operates has an important impact on firm performance. This study examined the impact of credit constraint and power outages on the firm’s investment decision using World Bank Enterprise Survey (WBES) data ...
Lamessa T. Abdisa, Alemu L. Hawitibo
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The Effect of Big Data-Based Digital Payments on Household Healthcare Expenditure
Frontiers in Public Health, 2022 Whether families using big data-based digital payments will increase household healthcare expenditure is a subject that needs to be investigated in the era of big data. Based on the data from China Family Panel Studies (CFPS), 24,126 samples from 2014 to
Chengming Li +5 more
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Credit Constraints and Innovation Activities: Empirical Evidence on Russian Enterprises
International Journal of Technology, 2022 This article studies the relationship between the credit constraints on Russian enterprises and their decision to introduce product innovation, process innovation, and to spend on research and development (R&D).
Ali Maarouf, Olga N. Korableva
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New or used? Investment with credit constraints [PDF]
Journal of Monetary Economics, 2007 Abstract Used capital is cheap up front but requires higher maintenance payments later on. We argue that the timing of these investment cash outflows makes used capital attractive to financially constrained firms, since it is cheap when evaluated using their discount factor.
Adriano A. Rampini, Andrea L. Eisfeldt
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Credit Constraints and the Measurement of Time Preferences [PDF]
The Review of Economics and Statistics, 2014 Incentivized experiments are often used to identify the time preferences of households in developing countries. We argue theoretically and empirically that experimental measures may not identify preference parameters, but are a useful tool for understanding financial shocks and constraints.
Mark Dean, Anja Sautmann
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