Results 251 to 260 of about 363,524 (299)

Spending with purpose: tracking health expenditures in Tajikistan to inform progress toward UHC. [PDF]

open access: yesHealth Policy Open
Akkazieva B   +7 more
europepmc   +1 more source

Taxing Externalities Under Financing Constraints [PDF]

open access: possibleThe Economic Journal, 2013
We consider an economy where production generates externalities, which can be reduced by additional firm level expenditures. This requires firms to raise outside financing, leading to deadweight loss due to a standard agency problem vis-a-vis outside investors.
Hoffmann, Florian   +2 more
openaire   +1 more source

External Financing and Financing Constraints

SSRN Electronic Journal, 2005
We look at how firms conduct external financing policies under financing constraints. Rather than focusing on leverage ratios to understand debt and equity issuance decisions, we look at the substitution effect between internal and external financing in the firm's investment optimization problem.
Heitor Almeida, Murillo Campello
openaire   +1 more source

Specialization, Productivity, and Financing Constraints

Review of Financial Studies, 2010
We analyze optimal fi nancial contracts when the specifi city of investments is endogenous. Specialization decreases the liquidation value of assets, but it also improves the project's long term productivity. While the first eff ect is known to make financing more difficult, we show that the second eff ect can ease financing constraints and increase fi
Robert Marquez, M. Deniz Yavuz
openaire   +2 more sources

Financing constraints and inventories

European Economic Review, 2004
Abstract This paper investigates the impact of financing constraints on firms’ inventory and cash management. In particular, it examines the extent to which the presence of such constraints may account for certain empirical regularities. These include, e.g., the excess variance of production vis-a-vis that of sales, as well as the counter-cyclicality
Ward Brown, Urs Haegler
openaire   +1 more source

Investment Irreversibility and Finance Constraints

Oxford Bulletin of Economics and Statistics, 1997
This paper analyses the investment behaviour of firms in the presence of irreversibility and of a dividend payout constraint. Estimation of investment equations for a panel of UK firms shows that the Q model performs well, over regions of the sample space, where neither constraint is likely to be binding.
openaire   +3 more sources

Financing Infrastructure under Budget Constraint [PDF]

open access: possible, 2002
In this paper we consider the problem of financing infrastructure when the regulator faces a budget constraint. The optimal budget-constrained mechanism satisfies four properties. The first property is bunching at the top, that is the more efficient firms produce the same quantity. The second property is self-selection for the less efficient firms. The
Axel Gautier, Manipushpak Mitra
openaire   +2 more sources

Asymmetric Information, Financing Constraints, and Investment

The Review of Economics and Statistics, 1987
The results of a number of theoretical papers lead to the hypothesis that financial variables affect capital sp ending because of asymmetric information in capital markets. The auth ors review the relevant theory and test this hypothesis with a large sample of firm data.
Fazzari, Steven M, Athey, Michael J
openaire   +1 more source

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