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Finance for micro, small, and medium-sized enterprises in India : sources and challenges

Singh, Charan; Wasdani, Kishinchand Poornima - 2016

Finance for micro, small, and medium-sized enterprises (MSMEs) has been a concern for all stakeholders including … challenges faced by MSMEs in sourcing of finance during different stages of their life cycle. This study is a first … limitation in the identification and utilization of sources of finance. Data was collected through personal interviews using a …

Persistent link: https://www.econbiz.de/10011522010

On the substitution of institutions and finance in investment

Asongu, Simplice A. - 2014

The Ali (2013, EB) findings on the nexuses among institutions, finance and investment could have an important influence … finance and institutions because they are less realistic to developing countries to which the resulting policy implications … substitution of institutions and finance in investment. Results under many baseline and augmented scenarios are not consistent with …

Persistent link: https://www.econbiz.de/10011409784

Business complexity and risk management : evidence from operational risk events in U.S. bank holding companies

Chernobai, Anna; Ozdagli, Ali; Wang, Jianlin - 2016 - This version: October 2016

How does business complexity affect risk management in financial institutions? The commonly used risk measures rely on either balance-sheet or market-based information, both of which may suffer from identification problems when it comes to answering this question. Balance-sheet measures, such as...

Persistent link: https://www.econbiz.de/10011562964

Repo and securities lending

Adrian, Tobias; Begalle, Brian; Copeland, Adam; Martin, … - 2011

We provide an overview of the data requirements necessary to monitor repurchase agreements (repos) and securities lending markets for the purposes of informing policymakers and researchers about firm-level and systemic risk. We start by explaining the functioning of these markets, then argue...

Persistent link: https://www.econbiz.de/10009411379

Creating associations as a substitute for direct bank credit : evidence from Belgium

Bedayo, Mikel - 2017

Persistent link: https://www.econbiz.de/10011784147

Creating associations to substitute banks' direct credit : evidence from Belgium

Bedayo, Mikel - 2016

Firms' incentives to join other firms to collectively apply for a unique loan is empirically studied in this paper. When several firms jointly apply for a unique loan an association of firms is created. We identify the associations that had access to credit in Belgium over the period 2001-2011...

Persistent link: https://www.econbiz.de/10011635036

Corporate policies with permanent and transitory shocks

Décamps, Jean-Paul; Gryglewicz, Sebastian; Morellec, Erwan - 2016

We model the financing, cash holdings, and hedging policies of a firm facing financing frictions and subject to permanent and transitory cash flow shocks. We show that permanent and transitory shocks generate distinct, sometimes opposite, effects on corporate policies and use the model to...

Persistent link: https://www.econbiz.de/10011519080

Risikobeherrschung der Unternehmensgründung - unter besonderer Berücksichtigung des Finanzierungsaspekts

Pfeiffle, Uwe - 2009

Persistent link: https://www.econbiz.de/10009009966

Financing constraints and risk management : evidence from micro-level insurance data

Bustos, Emil; Engist, Oliver; Martinsson, Gustav; … - 2022

We study the impact of financing constraints on corporate risk management. Using data on credit scores matched with unique information on firm level commercial insurance purchases, we find that financing constraints lead to higher insurance spending. We adopt a regression discontinuity design...

Persistent link: https://www.econbiz.de/10013490619

The effect of financial constraints on inventory holdings

Bustos, Emil - 2023

This paper investigates the impact of financial constraints on firms' inventory holdings, an area of significant interest given that inventories are volatile over the business cycle. I use detailed data on Swedish firms' balance sheets, income statements, and credit scores. I employ a regression...

Persistent link: https://www.econbiz.de/10014283603