Results 11 to 20 of about 1,612,182 (299)
Volatility, Financial Constraints, and trade [PDF]
SSRN Electronic Journal, 2007 We construct a dynamic monopolistic competition model with heterogeneous firms to study the links between firms’ earnings volatility, the degree of financial constraints that they face, their survival probabilities, and their export market participation ...
Alessandra Guariglia, Maria Garcia-Vega
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Oligopolistic equilibrium and financial constraints [PDF]
The RAND Journal of Economics, 2011 In this paper we present a model of oligopoly and financial constraints. We study allocations which are bankruptcy-free (BF) in the sense that no firm can drive another firm to bankruptcy without becoming bankrupt.
Carmen Beviá +2 more
core +8 more sources
Regulation under Financial Constraints [PDF]
Annals of Public and Cooperative Economics, 2004 This article studies the problem of regulating a monopolist with unknown marginal cost. The originality of the paper is to consider that the regulator faces a cash-in-advance constraint.
Axel Gautier
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Financial Constraints and Firm Export Behavior [PDF]
The World Economy, 2009 The paper analyzes the link between financial constraints and firm export behavior. Our main finding is that firms enjoying better financial health are more likely to become exporters.
Flora Bellone +3 more
core +9 more sources
Identifying Financial Constraints [PDF]
SSRN Electronic Journal, 2020 We propose a new methodology to recover firm-time varying financial constraints from firms' production behavior. We model financial constraints as the profitability that firms forgo when budget constraints on production inputs bind, impeding them from using the optimal level of inputs and technology.
Cherchye, Laurens +4 more
openaire +3 more sources
Exporting, Capital Investment and Financial Constraints [PDF]
SSRN Electronic Journal, 2009 Many firms cite financial constraints as some of the most important impediments to their investment and growth. Using a unique data set from the Czech Republic this paper investigates the importance of financing constraints in the context of exporters ...
Mariana Spatareanu, Vlad Manole
core +5 more sources
Do Measures of Financial Constraints Measure Financial Constraints? [PDF]
Review of Financial Studies, 2013 Financial constraints are fundamental to empirical research in finance and economics. We propose two tests to evaluate how well measures of financial constraints actually capture constraints. We find that firms typically classified as constrained do not in fact behave as if they were constrained: they have no trouble raising debt when their demand for ...
Joan Farre-Mensa, Alexander Ljungqvist
openaire +3 more sources
Uncovering Financial Constraints
Journal of Financial and Quantitative Analysis, 2023 AbstractWe use a random forest model to classify firms’ financial constraints using only financial variables. Our methodology expands the range of classified firms compared to text-based measures while maintaining similar levels of informativeness. We construct two versions of our constraint measures, one using many firm characteristics and the other ...
Matthew Linn, Daniel Weagley
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Financial Constraints and Company Investment [PDF]
Fiscal Studies, 1994 as well as a large body of academic research. The answer tothis question has a number of important implications. Profits are highly cyclical,so if investment depends directly on the availability of profits then investmentspending will be more sensitive to fluctuations in economic activity than wouldotherwise be the case.
Steve Bond, Costas Meghir
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Financial constraints and firm dynamics [PDF]
Small Business Economics, 2012 This study analyzes the effect of financial constraints (FCs) on firm dynamics. We measure FCs with an official credit rating, which captures availability and cost of external resources. We find that FCs undermine average firm growth, induce anti-correlation in growth patterns and reduce the dependence of growth volatility on size.
Bottazzi, Giulio +2 more
openaire +3 more sources