The paper develops a simple model on the asymmetric role of credit markets in output fluctuations. When credit markets are underdeveloped and enterprise activity is financed by trade credit, shocks may induce a break-up of credit and production chains, leading to sudden and sharp contractions....

Using a database of more than 1,100 firms in the MENA region, this article looks at the determinants of demand for trade credit, particularly access to bank credit, size, age and the quality of the firm's financial structure. We show that the difficulty of gaining acces to bank credit positively...

Using a database of more than 1,300 firms from six countries in the MENA region, we study the impact of financial development on the relationship between trade credit on the one hand and bank credit access and firm-level characteristics, especially financial health, on the other hand. Trade...

The growth of socially responsible investment on public financial markets has drawn considerable academic attention over the last decade. Discarding from previous literature, this paper sets up to analyze the Private Equity channel, which is shown to have the potentiality to foster sustainable...

In this paper, we analyze whether incoming foreign investment in China plays an important role in alleviating domestic firms' credit constraints. Access to external finance is a crucial determinant of business expansion. Using firm-level data on 2,200 domestic companies for the period 1999-2002,...

This article deals with the usefulness of neuronal networks in the area of corporate finance. Firstly, we highlight the initial applications of neural networks. One can distinguish two main types: layer networks and self organizing maps. As Altman al. (1994) underlined, the use of layer networks...

In this paper, we assess the success of the ongoing financial system reforms in China by investigating the extent to which firms are financially constrained. We focus on the role played by Foreign Direct Investment (FDI) in funding the Chinese corporate sector, and analyze whether incoming...

Las experiencias en cooperación en el ámbito del turismo y el desarrollo, fruto de la dilatada colaboración entre investigadores españoles y latinoamericanos, ha sido importante. Así lo constatan el número de proyectos financiados por el Programa de Cooperación Interuniversitario de la...

Este trabajo propone una hoja de ruta para ir implementando un sistema de evaluación en la CSS. Identifica aspectos diferenciales respecto a la Cooperación Norte-Sur y cómo éstos afectan a los criterios de evaluación, especialmente la horizontalidad, reciprocidad, responsabilidad...

Durante la última década en América Latina se han desarrollado experiencias para promover presupuestos con enfoque de género en más de 17 países desde una gran diversidad de instancias promotoras, ámbitos de actuación y estrategias de aproximación. La gran mayoría de las experiencias...