Endogenous Financial Constraints and Innovation [PDF]
AbstractWe investigate which indicators of a firm’s innovation activities are associated with financial constraints and analyze the nature and direction of causal links between innovation and financial constraints. By estimating simultaneous bivariate probit models on data from the UK Innovation Surveys, we show that among innovation inputs, research ...
Henry Lahr, Andrea Mina
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MONETARY POLICY, FINANCIAL CONSTRAINTS, AND REDISTRIBUTION [PDF]
AbstractThis article examines how financial constraints affect redistribution via monetary policy. We explore a novel mechanism of monetary nonneutrality, which is based on debt limits imposed in nominal terms. Specifically, when debt is constrained by current income, monetary policy can alter the real terms of borrowing.
Loenser, Christian, Schabert, Andreas
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EQUITY RECYCLING VS FINANCIAL CONSTRAINTS
The influence of major factors on financial policy of the Russian companies is considered. The author researches process of change of an equity (recycling) in the conditions of financial con-straints. The given work tries to give the answer to a question
S. I. Lutsenko
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Corporate Acquisitions and Financial Constraints [PDF]
Using a large sample of US acquisitions made between 1985 and 2013, we study the effect of financial constraints on acquisition gains and acquisition likelihood. Our findings show that financial constraints of target companies significantly increase acquisition premiums and abnormal returns for both parties.
Khatami, Seyed Hossein +2 more
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The Relationship between Financial Constraints, the Structure of Assets and Financing in Companies Listed in Tehran Stock Exchange [PDF]
The main objective of this study was to investigate the moderating effect of financial constraints of Kaplan-Zingales Index (1997) on the relationship between the structure of collateral assets and financing structure of the companies listed in Tehran ...
Mahmoud Lari Dashtbayaz +2 more
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Pengaruh Manajemen Modal Kerja Terhadap Profitabilitas Dengan Moderasi Financial Constraints
This study aims to determine the effect of working capital management on profitaility. Working capital management here is seen through cash conversion cycle company. The study also looked at the moderating effect of financial constraints on the effect of
Artha Merika Indah Puspita Sari +1 more
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Oligopolistic equilibrium and financial constraints [PDF]
AbstractWe model a dynamic duopoly in which firms can potentially drive their rivals from the market. For some parameter values, the Cournot equilibrium outcome cannot be sustained in an infinitely repeated setting. In those cases, there is a Markov perfect equilibrium in mixed strategies in which one firm, eventually, will exit the market with ...
Carmen Beviá, Luis C. Corchón, Yosuke
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THE EFFECT OF PERSONALITY, SELF-CONTROL AND FINANCIAL CONSTRAINTS ON FINANCIAL PLANNING
Objective: Small and medium enterprises (SMEs) have become a focus of attention by economists until now. Furthermore, their financial planning capacity as reflected in the level of their financial literacy in Central Java province which is 33.51% and ...
Nurul Huda +4 more
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The role of financial constraints in the services sector: how different is it from manufacturing?
Although the services sector has emerged as a major contributor to gross domestic product and employment in developed economies, very little attention has been paid to financial constraints faced by services firms.
Filipe Silva, Carlos Carreira
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Market Selection With Differential Financial Constraints [PDF]
We analyze financial markets in which agents face differential constraints on the set of assets in which they can trade. In particular, the assets available to each agent span a partition of the state space that can be strictly coarser than the partition spanned by the assets available in the market.
Guerdjikova, Ani, Quiggin, John
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