's constrained credit status changes with the improvement of its efficiency. The results further reveal that financially constrained … firm's investment is comparatively more sensitive to cash flow, but this sensitivity is negatively and significantly … related with corporate efficiency. These results point to the fact that high investment sensitivity to cash flow may not be …

This paper evaluates the effectiveness of easing credit constraints for rural producers in Mexico through loans … loans on production and investment decisions, input use, and yields. Using a multiple treatment methodology, it explores the … differential impacts of providing liquidity for working capital versus providing credit for investments in fixed assets. It finds …

framework of firms' investment with credit rationing and real estate collateral. We show that real estate prices affect firms …In this paper, we investigate the effect of real estate prices on productive investment. We build a simple theoretical … identification of the second channel allows for heterogeneous effects of real estate prices on investment across firms. We test our …

accumulate the needed capital when they face credit constraints at home. The analysis is based on a representative dataset of … lifetime employment histories of return migrants from Bangladesh. After establishing the credit constraints that potential … transformation of lower-income countries by enabling credit-constrained workers to enter into non-agricultural entrepreneurship. …

' inability to cover short-term consumption needs with savings or credit. We conduct a field experiment in rural Zambia to … investigate the relationship between credit availability and rural labor supply. We find that providing households with access to … credit during the growing season substantially alters the allocation of household labor, with households in villages randomly …

We investigate the economic effects of the COVID-19 pandemic and the role played by credit constraints in the …. Most firms revise downward their expectations for sales, orders, employment, and investment, while prices are expected to … increase at a faster rate, with geographical and sectoral heterogeneity in the size of the effects. Credit constraints amplify …

This study sets out to examine the extent to which access to credit and credit rationing are influenced by the … microfinance type based on the major factors determining micro, small and medium enterprises' access to credit from microfinance …' credit and loan records consisting of borrowers and credit characteristics. Our results are puzzling and show that credit …

The study aims at testing the Ghana Microfinance Policy set up to support the vulnerable through access to credit. We … results show that even after controlling for a large number of borrower characteristics, microfinance type and credit …

Bismarckian one can do so only if it is not actuarially fair, or in the presence of credit rationing. Interestingly, if the two …

lenders. The estimation results imply an increase of 3-4 jobs for each million dollars of loans, suggesting that credit … for the SBA 504 versus 7(a) programs, and with respect to the business cycle, local credit conditions, and within …