Results 321 to 330 of about 5,213,221 (391)

Cash flow uncertainty, financial constraints and R&D investment

International Review of Financial Analysis, 2021
Based on the data from Chinese listed companies of Shanghai and Shenzhen stock markets between 2005 and 2016, we systematically examine the relationship between cash flow uncertainty and R&D investment, and further research the moderating effect of ...
H. Beladi, J. Deng, May Hu
semanticscholar   +1 more source

Analysing the roles of CEO's financial literacy and financial constraints on Spanish SMEs technological innovation

, 2021
Drawing on human capital and upper echelons theories, this study analyses how CEO's financial literacy influences a firm's technological innovation and investigates the mediating role of alleviating financial constraints of Small and Medium-sized ...
Domingo García‐Pérez‐de‐Lema, Daniel Ruiz-Palomo, J. Diéguez-Soto   +2 more
semanticscholar   +1 more source

Financial Constraints Risk

SSRN Electronic Journal, 2003
We construct an index of firms' external finance constraints via GMM estimation of an investment Euler equation. Unlike the commonly used KZ index, ours is consistent with firm characteristics associated with external finance constraints. Constrained firms' returns move together, suggesting the existence of a financial constraints factor.
Toni M. Whited, Guojun Wu
openaire   +1 more source

Financial Constraints and Investment Decisions

Scottish Journal of Political Economy, 2001
In what follows we show that liquidity constraints can affect a firm’s investment even when the constraints are not currently effective. This happens when, at any given time, the firm believes that internal finance is likely to become a constraint in the future.
SALTARI, ENRICO, TRAVAGLINI G.
openaire   +3 more sources

Impact of COVID-19 on Financial Constraints and the Moderating Effect of Financial Technology

, 2021
The sudden outbreak of COVID-19 has made enterprises in various countries face extreme financial constraints. Using the quarterly data of Chinese listed companies from 2011 to 2020, we examine the impact of COVID-19 on financial constraints and the ...
Shixian Ling, Tianyue Pei, Zhaohui Li, Zhiping Zhang   +3 more
semanticscholar   +1 more source

Macroeconomic Perceptions, Financial Constraints, and Anomalies

SSRN Electronic Journal, 2022
This paper studies the heterogeneous effects of subjective macroeconomic expectations on the cross-section of equity returns. We argue that an upward revision in expectations of macroeconomic productivity might be accompanied by an excessive increase in investment and external financing, inflated current equity prices, and thus lowered subsequent ...
He, Wei, Su, Zhiwei, Yu, Jianfeng
openaire   +2 more sources

Banking uncertainty and corporate financial constraints

International Journal of Finance & Economics
This article investigates an essential channel through which uncertainty may harm the economy—firms' financing constraints. Unlike prior literature focusing on the aspect of aggregate economic policy uncertainty, we look into the dimension of ...
Japan Huynh
semanticscholar   +1 more source

Financial Constraints and Corporate Environmental Policies

The Review of financial studies, 2020
This paper documents evidence that financial constraints increase firms’ toxic emissions given that firms actively trade off abatement costs against potential legal liabilities.
Qiping Xu, Taehyun Kim
semanticscholar   +1 more source

Financial outreach and household financial constraint

Accounting & Finance, 2019
AbstractThis paper analyses how financial outreach affects the probability of households having financial constraint (i.e. being ‘discouraged’ and ‘rejected’ for loan applications). We show that households residing in communities with more bank branches are less likely to be financially constrained. Using the distance to the closest fruit and vegetable
Yiyi Bai, Zhisheng Li, Huan Liu
openaire   +1 more source

Voluntary adoption of board risk committees and financial constraints risk

, 2021
To improve risk management processes, policymakers around the world have encouraged firms to invest in improving risk oversight and governance practices, such as adoption of a board risk committee (BRC).
Muhammad Farhan Malik, J. Nowland, Sherrena Buckby   +2 more
semanticscholar   +1 more source