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. Moreover, faced with the risk of corporate insolvency, credit institutions consider a certain equity level to be one of several …
Persistent link: https://www.econbiz.de/10005134658
From a french pannel of manufacturing firm, this article aims to show that the terms of the debate on the capitalization of small manufacturing firms ought to be clarified. These firms are often said to be undercapitalized, because in relative terms their capital spending is often similar, or...
Persistent link: https://www.econbiz.de/10005134674
this research are: the importance of credit rationing by demand over the period as a whole and across the population of … lack of information about the customers of firms subject to credit rationing by supply; the high frequency of firms with … financial links subject to credit rationing by supply, which doubtless corresponds to specific methods for managing cash …
Persistent link: https://www.econbiz.de/10005561625
Cette article se propose d'identifier des comportements économiques spécifiques et de les mettre en rapport avec les décisions d'investissement, en particulier immatériel, opérés par les entreprises. Il est tout d'abord nécessaire de définir la compétitivité et de proposer un...
Persistent link: https://www.econbiz.de/10005561714
During the 80’s and 90’s, the increase in financial instability shook up the idyllic vision of the financial liberalization in developed nations. The difficulties borne by the banking sectors spread out in some Asian and Latin American countries as systemic crises. The deregulation of the...
Persistent link: https://www.econbiz.de/10005134804
During the 80’s and 90’s, the increase in financial instability shook up the idyllic vision of the financial liberalization in developed nations. The difficulties borne by the banking sectors spread out in some Asian and Latin American countries as systemic crises. The deregulation of the...
Persistent link: https://www.econbiz.de/10005561583
We test two models with the purpose of finding the best empirical explanation for the capital structure of Brazilian firms. The models tested were developed to represent the Static Tradeoff Theory and the Pecking Order Theory. The sample consists of firms listed in the Sao Paulo (Brazil) stock...
Persistent link: https://www.econbiz.de/10005134823
problèmes de financement et d' accès au crédit pour les PMI provient de performances insuffisantes par rapport aux entreprises …
Persistent link: https://www.econbiz.de/10005561653
Many interest rates are as volatile as exchange rates and thus represent an equally important source of risk for corporations. While this is true not only for financial institutions, but for other corporations as well, little is known about the interest rate exposure of nonfinancial firms....
Persistent link: https://www.econbiz.de/10005134675
It has been viewed as an unsolved puzzle that only for a small number of firms a significant impact of foreign exchange rate risk on firm value could be detected empirically. This paper investigates whether the results of previous studies can be explained by the fact that only the linear...
Persistent link: https://www.econbiz.de/10005134773