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Credit constraints, firm investment and growth : evidence from survey data

García-Posada, Miguel - 2018

We assess the impact of credit constraints on investment, inventories and other working capital and firm growth with a large panel of small and medium-sized enterprises from 12 European countries for the period 2014-2016. The data come from the Survey on the access to finance of enterprises...

Persistent link: https://www.econbiz.de/10011792068

SMEs growth and profitability, productivity and debt relationships

Serrasqueiro, Zélia; Pinto, Beatriz; Sardo, Filipe - In: Journal of economics, finance & administrative science 28 (2023) 56, pp. 404-419

Purpose This study aims to seek to analyse the relationships between profitability, productivity, external debt and … certain level of profitability, this determinant positively impacts SME growth. Productivity influences positively the firm … profitability and labour productivity for firm growth. For policymakers, the results suggest the need for favourable conditions for …

Persistent link: https://www.econbiz.de/10014506799

Driving factors of growth evidence in the food and textile sectors of Pakistan

Bashir, Zahid; Muhammad Usman Arshad; Asif, Muhammad; … - In: Financial internet quarterly 16 (2020) 1, pp. 11-19

. The results of the study indicated that there was a significant and positive impact of profitability and negative impact … profitability as a driving factor for enhancing growth in both sectors. The present research study contributed to the existing …

Persistent link: https://www.econbiz.de/10012197213

Globalization, transparency and economic growth : the vulnerability of Chinese firms to macroeconomic shocks

Oxelheim, Lars (contributor) - 2008

The process of globalization encompasses economic and financial integration. The abolition of capital controls and the dismantling of barriers of different kinds will expose previously sheltered companies to shocks on the global economic arena. Policy-makers in already globalized countries have...

Persistent link: https://www.econbiz.de/10003757004

Macroeconomic Conditions and the Puzzles of Credit Spreads and Capital Structure

Chen, Hui - 2009

I build a dynamic capital structure model that demonstrates how business-cycle variations in expected growth rates, economic uncertainty, and risk premia influence firms' financing and default policies. Countercyclical fluctuations in risk prices, default probabilities, and default losses arise...

Persistent link: https://www.econbiz.de/10013155971

Creative Destruction and the Bright Side of Economic Downturns

Amini, Shahram - 2020

We find that business cycles drive productive economic churn. During recessions, firms with high previous abnormal investment scale back while firms with low abnormal investment scale up. These findings are consistent with an improvement in investment efficiency over the business cycle. Our...

Persistent link: https://www.econbiz.de/10012831552

Bank ownership around the world

Panizza, Ugo - 2023

This paper builds a dataset on bank ownership that covers more than 6,500 banks in 181 countries (59 low-income economies, 72 middle-income economies, and 50 high-income economies) over 1995-2020. I show that until 2010, there was a reduction in state-ownership of banks and an increase foreign...

Persistent link: https://www.econbiz.de/10014249625

Slow Debt, Deep Recessions

Jungherr, Joachim; Schott, Immo - 2020

Business credit lags GDP growth by about one year. This contributes to high leverage during recessions and slow deleveraging. We show that a model in which firms use risky long-term debt replicates this slow adjustment of firm debt. In the model, slow-moving debt has important effects for real...

Persistent link: https://www.econbiz.de/10014352158

The determinants of working capital requirements in Palestinian industrial corporations

Abbadi, Suleiman Mahmoud; Abbadi, Rasha T. - In: International journal of economics and finance 5 (2013) 1, pp. 65-75

Persistent link: https://www.econbiz.de/10009696906

Real and Financial Sector Linkages in China and India

Aziz, Jahangir - International Monetary Fund (IMF) - 2008

In the spirit of what is known as business cycle accounting, this paper finds that the investment wedge-the gap between household's rate of intertemporal substitution and the marginal product of capital-is large and quantitatively significant in explaining China's and India's growth. Specific...

Persistent link: https://www.econbiz.de/10005826386

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