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Financial Constraints on New Firms:Looking for Regional Disparities
Bonnet, Jean; Cieply, Sylvie; Dejardin, Marcus - HAL - 2006
Financial constraints affecting new firms are some of the factors most cited forimpeding entrepreneurial dynamics from flourishing. This article introduces the problem ofregional patterns of financial constraints. The research is conducted with regard to the Frenchregions and the new French...
Persistent link: https://www.econbiz.de/10008793651
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Neoclassical vs Evolutionary Theories of Financial Constraints : Critique and Prospectus
Coad, Alex - HAL - 2007
Complicated neoclassical models predict that if investment is sensitive to current financial performance, this is a …, refers to the principle of "growth of the fitter" to explain investment-cash flow sensitivities as the workings of a healthy …
Persistent link: https://www.econbiz.de/10010750396
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Structural Modelling of Financial Constraints on Investment: Where Do We Stand?
Chatelain, Jean-Bernard - HAL - 2003
This paper surveys issues with respect to the structural modelling of econometric tests of investment facing financial … is to provide conditions which support the interpretation of the sensitivity of investment to liquidity variables such as … cash flow as a measure of financial constraints. The structural modelling of investment facing financial constraints is …
Persistent link: https://www.econbiz.de/10010750831
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Credit rationing, profit accumulation and economic growth
Chatelain, Jean-Bernard; Amable, Bruno; Ralf, Kirsten - HAL - 2004
adjustment costs on investment. …
Persistent link: https://www.econbiz.de/10010750394
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Explicit Lagrange Multiplier for Firms Facing a Debt Ceiling Constraint
Chatelain, Jean-Bernard - HAL - 2000
This paper provides the explicit expression of investment facing a binding debt ceiling and the explicit expression of … of the parameterizations of these Lagrange multipliers used in Euler investment equations tests during the 1990's. …
Persistent link: https://www.econbiz.de/10010750720
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Financial instability and functional finance : a Lerner-Minsky perspective
Ülgen, Faruk - HAL - 2012
The 2007/08 financial crisis results in two major problems that issue difficult challenges for the economic theory and policy. The first challenge is the rise of unemployment notwithstanding growing imbalances of budget deficits. The second is the monetary and financial instability threatening...
Persistent link: https://www.econbiz.de/10010898561
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A re-visit to Minsky after 2007 financial meltdown
Ghani, Shazia - HAL - 2011
The 2007 financial crises has brought to eminence and a long overdue recognition to the ideas of Hyman P. Minsky who is a post-Keynesian authority on monetary theory and financial institutions. He had extensively studied the economic fluctuations and recurring instability of the financial system...
Persistent link: https://www.econbiz.de/10010820974
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The relationship between trade credit, bank credit and financial structure : from firm-level non-linearities to financial development heterogeneity. A study on MENA firm-level data
Couppey-Soubeyran, Jézabel; Héricourt, Jérôme - HAL - 2011
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...
Persistent link: https://www.econbiz.de/10010605305
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Financial Factors and Manufacturing Exports:Theory and Firm-level Evidence From Egypt
KIENDREBEOGO, Youssouf; Minea, Alexandru - HAL - 2013
This paper focuses on the effects of financial factors on manufacturing firms' export participation. Using a simple dynamic discrete choice model, we first present the intuition according to which financial constraints reduce the probability of exporting. Then, based on a panel of Egyptian...
Persistent link: https://www.econbiz.de/10010899838
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Financial versus Demand shocks in stock price returns of US non-financial firms in the crisis of 2007
Isyuk, Varvara - HAL - 2012
In the aftermath of the recent bank-centered financial crisis it is still unclear how much of the decline in non-financial firms' stock prices was due to liquidity shortage, and how much of this decline was due to lower expected consumer demand. The stock returns are examined over nine periods...
Persistent link: https://www.econbiz.de/10010635027