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system by using firm-level survey data on the obstacles that firms face in raising external finance. The paper assesses two … system is more important for explaining the obstacles that firms face in accessing external finance than the political …
Persistent link: https://www.econbiz.de/10010523108
system by using firm-level survey data on the obstacles that firms face in raising external finance. The paper assesses two … system is more important for explaining the obstacles that firms face in accessing external finance than the political …
Persistent link: https://www.econbiz.de/10012468004
social interactions in finance, including the "Social Connectedness Index," which measures the frequency of Facebook … intersection of household finance and "social finance." …
Persistent link: https://www.econbiz.de/10012482193
Insbesondere Klein- und mittlere Unternehmen haben in den letzten beiden Jahren ihre Investitionsvorhaben wegen …
Persistent link: https://www.econbiz.de/10011692199
Nur wenige Unternehmen klagen über verschlechterte Finanzierungsbedingungen aufgrund der Finanzmarktkrise. Dies ergab … eine aktuelle Befragung von Unternehmen durch das ifo Institut. Die große Mehrzahl der Unternehmen, 82%, berichtete von … unveränderten Finanzierungsmöglichkeiten. Für die kommenden drei Monate befürchten etwa 19% der Unternehmen eine Verschlechterung …
Persistent link: https://www.econbiz.de/10011692774
Umfrageergebnisse deuten seit einiger Zeit auf eine leichte Verbesserung in der Kreditversorgung der Unternehmen hin …. Indikatoren, wie die Eigenkapitalausstattung der Unternehmen und der Banken oder auch die Kreditausfallraten in den Büchern der … Ergebnis, dass viele Unternehmen gerade bei dem jetzt anlaufenden Konjunkturaufschwung überhaupt erst in …
Persistent link: https://www.econbiz.de/10011693041
I study the allocation of human capital in an economy with production externalities, financial constraints and career choices. Agents choose to become entrepreneurs, workers or financiers. Entrepreneurship has positive externalities, but innovators face borrowing constraints and require the...
Persistent link: https://www.econbiz.de/10012465087
Current theoretical and empirical research suggests that small banks have a comparative advantage in processing soft information and delivering relationship lending. The most comprehensive analysis of this view found using U.S. data that smaller SMEs borrow from smaller banks and smaller banks...
Persistent link: https://www.econbiz.de/10012465650
Since reaching a peak in 1997, the number of listed firms in the U.S. has fallen in every year but one. During this same period, public firms have been net purchasers of $3.6 trillion of equity (in 2015 dollars) rather than net issuers. The propensity to be listed is lower across all firm size...
Persistent link: https://www.econbiz.de/10012453449
We consider a dynamic economy populated by heterogeneous firms subject to generic capital frictions: adjustment costs, taxes and financing constraints. A random subset of firms in this economy receives an empirical "treatment", which modifies the parameters governing these frictions. An...
Persistent link: https://www.econbiz.de/10012453505