of a low-leverage/high cash no-short-term capital structure policy. We use Jovanovic's model (1982) that relates growth …, age and size, as used by Heshmati (2001), to which we add a dummy indicating financial conservatism. As the growth of a …

explore the relationship between asset growth, investment, and cash flow and find that firms use all available internal funds … to channel towards asset growth even during the financial crisis. We conclude that firms in Asia were resilient to the …

Employing a firm-level dataset, this paper explores the effects of exchange rate volatility on the growth performances … suggest that exchange rate volatility has a significant growth reducing effect on manufacturing firms. However, having access …

growth performances of domestic versus foreign, and publicly traded versus non-traded private manufacturing firms in a major … tests suggest that exchange rate volatility has a significant growth reducing effect on manufacturing firms. However, having …

We study the process of growth and business cycles in an open economy which has access to international ¯nancial … cycle dynamics. Financial market imperfections help in replicating the empirical fact that output growth shows positive …

We explore the effect of foreign direct investment (FDI) on economic growth in developing countries, distinguishing … with respect to their influence on growth. While Greenfield FDI substantially enhances growth, M&As have no effect, at best … rate. The resulting loss in price competitiveness may explain the poor growth effect of the M&A variant of FDI. …

-term growth. We find that financial markets increase substantially the speed with which the observed sectoral allocation of output … faster for sectors that have a higher "natural" long-term risk-adjusted growth and which exhibit higher information frictions …

The Finance-Growth Nexus is a classical source of debate among economists. This contribution offers regional evidence … countries. The results for this application support the view that finance leads growth, reject its possible endogeneity and …

The present contribution tests whether countries can be pooled when studying the finance-growth nexus. Overall, our …

We explore the effect of foreign direct investment on economic growth in developing countries, distinguishing between … contribute to expanding the host country's capital stock. The model suggests that greenfield FDI has a stronger impact on growth … than M&A sales. This hypothesis is supported by our empirical results, which show that greenfield FDI enhances growth …