Showing 1 - 10 of 2,361
This paper explores the procurement of public buildings in local authorities in the UK under the Private Finance Initiative (PFI) and its consequences for small and medium sized enterprises. Following an outline of the development of PFI in the UK, the paper explains the peculiarities of local...
Persistent link: https://www.econbiz.de/10010305664
Evidence in this paper suggests that a close banking relationship - a loan commitment in particularparticular, relax cash flow and cash management constraints on firms. Given firms' prospects (Q), the investment and cash flow correlation is substantially lower when firms have a bank loan...
Persistent link: https://www.econbiz.de/10010283478
The proportion of assets held by the average Canadian firm in the form of cash has increased steadily since the early 1990s, and is now roughly twice as large as in 1990. The literature has established that the cash-holding behaviour of firms is highly correlated with financial constraints and...
Persistent link: https://www.econbiz.de/10010289686
The rising stockpile of cash as a share of total assets at U.S. firms has intrigued economists since at least the paper of Bates, Kahle, and Stulz (2006), yet there has been relatively little work on where this cash has come from and how it is related to investment performance. We exploit...
Persistent link: https://www.econbiz.de/10010280899
We examine the differential effects of financial status and exporting activity on the likelihood of survival for firms in the UK and France - two countries with different financial systems. We aim to answer two main questions: What is the direct impact of financial characteristics and different...
Persistent link: https://www.econbiz.de/10010332770
We examine the differential effects of financial status and exporting activity on the likelihood of survival for firms in the UK and France - two countries with different financial systems. We aim to answer two main questions: What is the direct impact of financial characteristics and different...
Persistent link: https://www.econbiz.de/10010265842
Cash-rich bidders in UK have better announcement abnormal returns than cash-poor ones during 1984-2007, contrasting previous findings in the US. The positive cash reserve effect is mainly from bidders of high long-run growth or those with non-trivial institutional holdings. Moreover, cash-rich...
Persistent link: https://www.econbiz.de/10010409434
This paper is an exploration of the relationships among the firm's financial structure, its choice of liquid asset holdings, and growth. We present a theoretical model of the firm where external finance is costly and where retaining earnings as liquid assets serves a precautionary motive. One of...
Persistent link: https://www.econbiz.de/10011506549
Wie wird in KMU, die eine Reform ihrer betrieblichen Partizipationsstrukturen als Antwort auf die wirtschaftliche … von zwei Jahren thematisiert. Die Untersuchungsergebnisse zeigen, dass die kognitive Ausnahmeroutine 'Krise' in KMU …
Persistent link: https://www.econbiz.de/10010292608
Wissenstransferaktivitäten von schwerpunktmäßig kleinen und mittleren Unternehmen (KMU) in der Region Jena. Die Studie konzentriert sich auf drei …-sized enterprises (SME) in and closely around Jena (Thuringia). The study focuses on three aspects: How do the different channels used … contacts face-to-face areessential for the success of these relations. Although the regional SME collaborate with numerous …
Persistent link: https://www.econbiz.de/10010304809