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New products and corruption: evidence from Indian firms

Waldemar, Felipe Starosta De - HAL - 2011

innovation ? We find that corruption, functioning as a bribe tax, diminishes the probability of new product introduction. We use … a World Bank Enterprise Survey from India in 2005, with 1600 firms answering if they introduced a new product to the … firm and on the average quantity of bribe paid by firms. Controlling for innovation determinants, firm characteristics …

Persistent link: https://www.econbiz.de/10010605332

The Role of R&D Collaboration Networks on Regional Innovation Performance

Hazir, Cilem Selin; Lesage, James; Autant-Bernard, Corinne - HAL - 2014

as another source of interaction among regional innovation processes. Our objective is to understand the relative role of …

Persistent link: https://www.econbiz.de/10010936661

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

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 sign that something is "wrong" and is to be regarded as a problem for policy. Evolutionary theory, on the other hand, refers to the principle of "growth of the fitter" to explain...

Persistent link: https://www.econbiz.de/10010750396

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 constraints, to their link with firms data and asset prices, and to their consequences for macroeconomic modelling. The key issue is to provide conditions which support the...

Persistent link: https://www.econbiz.de/10010750831

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

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

The Impact of Financial Development on the Relationship between Trade Credit, Bank Credit and Firm Characteristics

Couppey-Soubeyran, Jézabel; Héricourt, Jérôme - HAL - 2013

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...

Persistent link: https://www.econbiz.de/10011025997

Export price adjustments under financial constraints

Secchi, Angelo; Tamagni, Federico; Tomasi, Chiara - HAL - 2013

Exploiting data on product-destination level transactions of a large panel of Italian firms, we provide new evidence on the effect of financial constraints on price variation across exporters. Controlling for firm characteristics and endogeneity, constrained exporters charge higher prices than...

Persistent link: https://www.econbiz.de/10011026064

Financial Factors and the Margins of Trade: Evidence from Cross-Country Firm-Level Data

Berman, Nicolas; Héricourt, Jérôme - HAL - 2008

Using a large cross-country, firm level database containing 5,000 firms in 9 developing and emerging economies, we study how financial factors affect both firms' export decisions and the amount exported by firm. First, our results stress an important impact of firms' access to finance on their...

Persistent link: https://www.econbiz.de/10010738512

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