Showing 1 - 10 of 69
analyses with regard to debt financing, external equity financing and debt constraints via agency cost. -- Capital income …
Persistent link: https://www.econbiz.de/10003771793
Persistent link: https://www.econbiz.de/10009758532
Persistent link: https://www.econbiz.de/10010226007
Using a novel way to identify relationship and transaction banks, we study how banks' lending techniques affect funding to SMEs over the business cycle. For 21 countries we link the lending techniques that banks use in the direct vicinity of firms to these firms' credit constraints at two...
Persistent link: https://www.econbiz.de/10010375321
We use Japanese microdata to examine how financial market frictions affect foreign direct investment (FDI). The Japanese land price bubble and banking trouble in the late 1980s and early 1990s serve as a quasi natural experiment to identify two possible transmission channels from financial...
Persistent link: https://www.econbiz.de/10010496990
Financial constraints are an important impediment to the growth of small businesses. We study theoretically and empirically how the financial constraints of agents affect their decisions to exert effort, and, hence the organizational decisions and growth of principals, in the context of...
Persistent link: https://www.econbiz.de/10010210716
We present a heterogeneous-firm model in which management ability increases both pro- duction efficiency and product … quality. Combining six micro-datasets on management prac- tices, production and trade in Chinese and American firms, we find … inputs, and imported inputs from more advanced countries. The structural estimates indicate that management is important for …
Persistent link: https://www.econbiz.de/10011864551
Persistent link: https://www.econbiz.de/10003351435
Persistent link: https://www.econbiz.de/10003340417
Persistent link: https://www.econbiz.de/10003463030