Showing 1 - 10 of 8,268
The paper investigates whether liquidity constraints affect firm size and growth dynamics using a large longitudinal sample of Italian manufacturing firms. We run standard panel-data Gibrat regressions, suitably expanded to take into account liquidity constraints (proxied by cash flow scaled by...
Persistent link: https://www.econbiz.de/10010328431
Proposing a novel research design for firm-level impact studies, I investigate the effects of venture capital financing on corporate performance by applying a two-stage propensity score matching on Austrian micro-data. Controlling for differences in industry, location, legal status, size, age,...
Persistent link: https://www.econbiz.de/10011435304
facts characterizing both macroeconomic time-series (e.g. output and investment) and firms' microeconomic dynamics (e …
Persistent link: https://www.econbiz.de/10010328512
In this study, we analyze the characteristics and development of Finnish startups based on firm-level data available in public databases. By startups we refer to young, small, and independent firms holding basic elements for growth. Some 4 000–5 000 of such firms are being established...
Persistent link: https://www.econbiz.de/10012037686
About half of all new business activity in Finland can be categorized as being entrepreneurial. The number of this kind of new businesses has not increased dramatically during the last ten years. However, the characteristics of these businesses have changed. Nowadays, new entrepreneurs have...
Persistent link: https://www.econbiz.de/10012037687
In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of more than 500 entrepreneurs as a source of exogenous variation, and ask whether this variation can explain shifts in firm performance. Using longitudinal data, we find large and...
Persistent link: https://www.econbiz.de/10010291523
This paper is to examine the stock markets role in the capital formation in Pakistan from the period 1st January 2001 to 31st December 2008. This analytical study is based on the data collected from the secondary sources such as State Bank of Pakistan and three stock exchanges; Karachi, Lahore...
Persistent link: https://www.econbiz.de/10011938288
total investment in intangibles was 227 billion or approximately two-thirds of the total investment in fixed capital in 2004 …. Thus, investment in intangibles was considerable in 2004. The corresponding figures for the UK and the US were 10.9 and 13 …
Persistent link: https://www.econbiz.de/10010320236
recognizing that firms make substantial investment in intangible assets such as R&D, design, advertising etc. These investments … are not classified as investment in the National Accounts, where only tangible assets are defined as investment. This … paper provides estimates of investment in intangible assets and uses the growth accounting framework to analyze the Swedish …
Persistent link: https://www.econbiz.de/10010320348
This paper aims to investigate the relationship between financial liberalization on the one hand and saving, investment … investment (although there are some signs to believe that liberalization may actually reduce rather than increase domestic saving …), whereas it is positively associated with private investment, as well as with per capita GDP growth. We find a negative …
Persistent link: https://www.econbiz.de/10010284781