Financing Constraints and Corporate Investment [PDF]
Brookings Papers on Economic Activity, 1987 Most empirical models of investment rely on the assumption that firms are able to respond to prices set in centralized securities markets (through the "cost of capital" or "q"). An alternative approach emphasizes the importance of cash flow as a determinant of investment spending, because of a "financing hierarchy," in which internal finance has ...
Steven M. Fazzari +2 more
semanticscholar +9 more sources
Financing Constraints, Carbon Emissions and High-Quality Urban Development-Empirical Evidence from 290 Cities in China. [PDF]
Int J Environ Res Public Health, 2022 The tightening of the financing environment and global climate change have become urgent problems for high-quality economic development all over the world.
Wang S, Liu J, Qin X.
europepmc +4 more sources
Corporate financialization, financing constraints, and innovation efficiency-Empirical evidence based on listed Chinese pharmaceutical companies. [PDF]
Front Public Health, 2023 The relationship between financialization and innovation has become a common focus of academic attention. This paper analyzes the influence of corporate financialization on innovation efficiency based on balanced panel data of listed Chinese ...
Zhu J, Tang Y, Wei Y, Wang S, Chen Y.
europepmc +2 more sources
Frontiers in Psychology, 2022 This study examines the impact of digital financing on the degree of financing constraints and discusses the mediating effect of investor confidence. The data are based on companies listed on the Shanghai Stock Exchange and the Shenzhen Stock Exchange ...
Can Yang +3 more
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The impact of the opening of high-speed rail on corporate financing constraints. [PDF]
PLoS ONE, 2022 In this paper, the data of A-share non-financial listed companies from 2008 to 2019 are used to study the impact of the opening of high-speed railway on corporate financing constraints with the difference-in-differences model.
Yu Liao +3 more
doaj +2 more sources
Can digital finance boost SME innovation by easing financing constraints?: Evidence from Chinese GEM-listed companies. [PDF]
PLoS One, 2022 This paper summarizes the transmission chain of “digital finance-financing constraint-firm innovation” at the theoretical and practical levels, incorporates digital finance into the empirical analysis framework of firm innovation, selects the data of ...
Yao L, Yang X.
europepmc +2 more sources
Corporate social responsibility, financing constraints, and corporate carbon intensity: new evidence from listed Chinese companies. [PDF]
Environ Sci Pollut Res Int, 2023 Corporate social responsibility (CSR) is becoming increasingly important in the field of corporate sustainability. However, little literature has focused on the relationship between CSR and corporate carbon emissions in developing countries.
Chen P.
europepmc +2 more sources
Financing constraints and impact on corporate performance growth: Study in China listed logistics enterprises. [PDF]
PLoS ONE, 2023 Based on 2010-2019 Chinese logistics listed companies as research samples, the paper used the binary Logit model measuring degree of financing constraints.
Ke Liu +4 more
doaj +2 more sources
Nexus of Financing Constraints and Supply Chain Finance: Evidence from Listed SMEs in China
International Journal of Financial Studies, 2023 As opposed to developed markets, financing constraints are a more pressing issue among Small and Medium-Sized Enterprises (SMEs) in emerging markets. We explore the severity of financing constraints on SMEs, and examine the role of supply chain finance ...
Sin-Huei Ng +3 more
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Do investments in human and physical capital respond differently to financing constraints? [PDF]
Swiss Journal of Economics and Statistics, 2022 Using a representative sample of European firms, we study whether financing constraints affect employers’ investments in employee training and physical capital differently.
Giorgio Brunello +4 more
doaj +2 more sources