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The elasticity of investment and R&D investment with respect to cash flow is unambiguously positive in a large panel of U.S. manufacturing firms from 1973 to 1987. even with proper controls for permanent differences across firms and for simultaneity. I argue that the evidence favors liquidity...
Persistent link: https://www.econbiz.de/10012474879
Prior work has established that the financing environment can impact firm strategy. We argue that this influence can shape the earliest strategic choices of a new venture by creating a potential tradeoff between two objectives: rapid growth and reaping the benefits of a positive reputation...
Persistent link: https://www.econbiz.de/10012480556
for SMEs growth / D. Lauto G. Pittino and F. Visintin -- Part I the context -- 2. Entrepreneurship and technological …. Micro-context and institutional entrepreneurship: multiple case studies and innovative start-ups / D. Giacomini, C. Muzzi, S …. 'reassembling the social', in entrepreneurial innovation and academic entrepreneurship studies: the 'amphibious scientists …
Persistent link: https://www.econbiz.de/10012419812
This third book in the series focuses on how small and medium sized enterprises (SMEs) contribute to achieving and sustaining growth and performance in their economies, as well as the ways in which governments can assist and enhance that contribution. This is of particular concern given the...
Persistent link: https://www.econbiz.de/10011851845
The contributors to this book look at the phenomenon of entrepreneurship in emerging regions in India, China, Ireland … general framework for understanding the relationship between economic development and entrepreneurship to more specific … of entrepreneurship in regions that do not have all of the classical prerequisites (such as financial and human capital …
Persistent link: https://www.econbiz.de/10011851774
This book examines the interrelations between entrepreneurship, industrial location and economic growth. Thus, it … covers a wide range of topics, including: the economic impact of entrepreneurship; industry dynamics; growth and survival of … practitioners and policymakers interested in entrepreneurship, industrial location and industry dynamics. It will also be of …
Persistent link: https://www.econbiz.de/10014474046
across time and across the world. Growth accounting is the principal quantitative tool for understanding this phenomenon, and … for assessing the prospects for further increases in living standards. This paper sets out the general growth accounting …
Persistent link: https://www.econbiz.de/10012463309
Although firm financial policies were affected by a credit contraction during the recent financial crisis, the impact of increased uncertainty and decreased growth opportunities was stronger than that of the credit contraction per se. From the start of the financial crisis (third quarter of...
Persistent link: https://www.econbiz.de/10012462347
I build a dynamic capital structure model that demonstrates how business-cycle variations in expected growth rates, economic uncertainty, and risk premia influence firms' financing and default policies. Countercyclical fluctuations in risk prices, default probabilities, and default losses arise...
Persistent link: https://www.econbiz.de/10012462506
choices. Agents choose to become entrepreneurs, workers or financiers. Entrepreneurship has positive externalities, but …
Persistent link: https://www.econbiz.de/10012465087