Showing 1 - 10 of 83,823
This study investigates whether fluctuations in credit supply in a macroeconomy and a relational bank's financial … effects of credit market tightness are more evident for small firms. Examining firm-bank matched data, we also find that … suggesting that a bank's financial weakness places the leverage of relationship firms into a suboptimal level for a long period …
Persistent link: https://www.econbiz.de/10012890523
Analyses of zombie firms have emphasised the role of bank financing as the reason for zombie survival. This conclusion … between zombie survival and bank financing; this result is robust to various measurement and specification issues. Instead, a …
Persistent link: https://www.econbiz.de/10013535893
This paper aims at investigating the relationship between firms' profit efficiency, access to finance and innovation activities. We enrich our understanding on firms' performance by adopting the stochastic frontier approach (SFA), which allows us to estimate profit functions and to obtain...
Persistent link: https://www.econbiz.de/10012241105
Persistent link: https://www.econbiz.de/10011847450
Persistent link: https://www.econbiz.de/10001735849
Persistent link: https://www.econbiz.de/10002162596
Persistent link: https://www.econbiz.de/10009626018
Persistent link: https://www.econbiz.de/10009124532
Persistent link: https://www.econbiz.de/10009763956
Using Dutch data we empirically investigate how financing and innovation vary across firm characteristics. We find that when firms face financial constraints, debt financing and innovation choices are not independent of firm characteristics, and R&D slows down. In the absence of financial...
Persistent link: https://www.econbiz.de/10010249680