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Indirect measure of financial constraints : evidence from unquoted innovative smes

Prędkiewicz, Katarzyna - In: Journal of banking and financial economics 22 (2024) 2, pp. 107-127

This paper examines whether companies' innovativeness affects the availability of capital and, therefore, whether this group is financially constrained. It uses an objective, indirect way of measuring financial constraints based on the assumption that financially restricted firms only invest...

Persistent link: https://www.econbiz.de/10015337949

Do measures of financial constraints measure financial constraints?

Farre-Mensa, Joan; Ljungqvist, Alexander - In: The review of financial studies 29 (2016) 2, pp. 271-308

Persistent link: https://www.econbiz.de/10011447592

Die Beziehungen der Norddeutschen Wollkämmerei und Kammgarnspinnerei zu den Banken

Wixforth, Harald - 2017

Research into the relationship between banking and industry has long held the view that banks had dominated their clientele from industry, trade and retailing and they had established a position of power that was almost impossible to reign in. More recent studies question this assessment and...

Persistent link: https://www.econbiz.de/10011671685

Analysis of bankruptcy threat for risk management purposes : a model approach

Wieczorek-Kosmala, Monika; Błach, Joanna; Trzęsiok, Joanna - In: International Journal of Financial Studies : open … 6 (2018) 4, pp. 1-17

In previous works, the importance of risk management implementation was addressed with regard to the problem of bankruptcy threat, with the explanation of risk impact on higher bankruptcy costs or the underinvestment problem. However, the evaluation of the impact of risk outcomes is technically...

Persistent link: https://www.econbiz.de/10011963925

Impact of financial constraints and financial distress on cash holdings

Bukalska, Elżbieta; Maziarczyk, Anna - In: International journal of management and economics 59 (2023) 1, pp. 13-31

The aim of the study is to examine the impact of financial constraints and financial distress on cash holdings, both in normal and crisis times. We collected the 4,406 firm-year observations of companies listed on the Warsaw Stock Exchange (WSE). Our research shows that companies maintain higher...

Persistent link: https://www.econbiz.de/10014310085

Financially constrained firms : the impact of managerial optimism and corporate investment : the case of Greece

Maditinos, Dimitrios; Tsinani, Alexandra; Šević, Željko - In: International journal of business and economic sciences … 12 (2019) 1, pp. 39-49

Purpose: The purpose of this paper is to examine the impact of managerial optimism on corporate investment regarding the financially constrained firms for the case of Greece. Taking as a fact that managers principally are optimistic and often overconfident an effort is made to highlight the...

Persistent link: https://www.econbiz.de/10012023594

Remedial role of financial development in corporate investment amid financing constraints and agency costs

Khan, Muhammad Kaleem; He, Ying; Kaleem, Ahmad; Akram, Umair - In: Journal of business economics and management 19 (2018) 1, pp. 176-191

concludes that firms suffering from under- (over-) investment problem due to financing constraints (agency problem), are more … study has demonstrated a novel approach by concurrently incorporating the monitoring and financing issues that disturb the … that has the potential to balance the investment distortions by rectifying monitoring and financing deficiencies. …

Persistent link: https://www.econbiz.de/10012174741

Measuring credit risk in family firms

Abinzano, Isabel; Corredor, Pilar; Martinez, Beatriz - In: Business research quarterly : BRQ 25 (2022) 3, pp. 265-282

This article attempts to identify the default risk measure which best reflects the idiosyncratic context of public family firms. Seven accounting- and market-based measures are compared over a sample of 981 US family and non-family firms for the period 2000-2016. The results show that the...

Persistent link: https://www.econbiz.de/10013272953

Different measures, different trends : contradictions in macro and micro level growth measures

Juhász, Péter; Váradi, Kata; Száz, János; … - In: Journal of contemporary economic and business issues 4 (2017) 1, pp. 21-39

measurement unit determines what distortions we will face, and thus, using different measures we may end up identifying completely … their operational, investment or financing strategy or when structural changes happen in the economy. This may end in …

Persistent link: https://www.econbiz.de/10011695372

Measuring path dependency

Juhász, Péter; Varadi, Kata; Vidovics-Dancs, Agnes; … - In: UTMS journal of economics / University of Tourism and … 8 (2017) 1, pp. 29-37

While risk management gained popularity during the last decades even some of the basic risk types are still far out of focus. One of these is path dependency that refers to the uncertainty of how we reach a certain level of total performance over time. While decision makers are careful in...

Persistent link: https://www.econbiz.de/10011644022