Narrow search
Showing 1 - 10 of 3,126
Cover Image
Inventory Investment and the Real Interest Rate
Junayed, Sadaquat; Khan, Hashmat - 2009
The relationship between inventory investment and the real interest rate has been difficult to assess empirically. Recent work has proposed a linear-quadratic inventory model with time-varying discount factor to identify the effects of real interest rate on inventory investment. The authors show...
Persistent link: https://www.econbiz.de/10010298604
Cover Image
Inventory investment and production in Europe: Is there a pattern?
Abrahamsen, Yngve; Hartwig, Jochen - 2011
The paper investigates the nexus between inventory investment and the change in aggregate production for 29 European countries over the period 2000-2009. A special interest is taken in the Great Recession of 2008/09. For most countries, a fairly uniform pattern emerges. Inventory investment is...
Persistent link: https://www.econbiz.de/10010277788
Cover Image
Exports Versus FDI Revisited: Does Finance Matter?
Buch, Claudia M.; Kesternich, Iris; Lipponer, Alexander; … - 2010
This paper explores the impact of financial constraints on the internationalization strategies of firms. It contributes to the literature by focusing on three aspects: First, the paper studies the impact of financial constraints on exporting relative to FDI. Consistent with theory, the empirical...
Persistent link: https://www.econbiz.de/10010333826
Cover Image
Overseas links as export conduits
Hanley, Aoife - 2009
Survey. Overseas vertical and horizontal links are associated with an average increase in export intensity of 74 and 156 … role of Government in fostering overseas links despite their rarity, since they are effective export conduits. …
Persistent link: https://www.econbiz.de/10010265701
Cover Image
How Trade Credits Foster International Trade
Eck, Katharina; Engemann, Martina; Schnitzer, Monika - 2012
Internationally active firms rely intensively on trade credits even though they are considered particularly expensive. This phenomenon has been little explored so far. Our theoretical analysis shows that trade credits can alleviate financial constraints arising from asymmetric information...
Persistent link: https://www.econbiz.de/10010333750
Cover Image
Exporting strategies of heterogeneous firms subject to export shocks and financial restraints
Di Nino, Virginia - 2008
exchange rate uncertainty raises a firm's profit, lowers prices, and induces new firms to export. Fully financially integrated …
Persistent link: https://www.econbiz.de/10010316775
Cover Image
Financial constraints and innovation: Why poor countries don't catchup
Gorodnichenko, Yuriy; Schnitzer, Monika - 2010
and export intensity. We investigate theoretically and empirically how financial constraints affect a firm's innovation … and export activities, using unique firm survey data which provides direct measures for innovations and firm …-specific financial constraints. We find that financial constraints restraint heability of domestically owned firms to innovate and export …
Persistent link: https://www.econbiz.de/10010333877
Cover Image
Effects of Financial Market Imperfections on Indian Firms' Exporting Behavior
Ito, Hiro; Terada-Hagiwara, Akiko - 2011
Indian firms from entering export markets. …
Persistent link: https://www.econbiz.de/10010507316
Cover Image
Investment Behaviour of Financially Constrained Multinational Corporations: Consequences for the International Transmission of Business Cycle Fluctuations
Dietrich, Diemo - 2002
The paper investigates the investment decision of a financially constrained multinational corporation (MNC) planning investment projects both at home and in a developing country. The collateral values of the projects diverge because of country specific transactions costs so that the willingness...
Persistent link: https://www.econbiz.de/10010316385
Cover Image
Financial Constraints and the Margins of FDI
Buch, Claudia M.; Kesternich, Iris; Lipponer, Alexander; … - 2009
Recent literature on multinational firms has stressed the importance of low productivity as a barrier to the cross-border expansion of firms. But firms may also need external finance to shoulder the costs of entering foreign markets. We develop a model of multinational firms facing real and...
Persistent link: https://www.econbiz.de/10010333960