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We study the stock price and trading volume reactions to dividend initiations by high-tech firms relative to those by …-tech and non-high tech firms surrounding dividend initiations. However, when we control for variables such as size and dividend … yield, stock returns and trading volume around dividend initiations are higher for high-tech firms than for non-high tech …
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Access to finance literature in developing countries focuses on access to credit constraints of small and medium enterprises (SMEs) micro enterprises because they are considered the drivers of economic growth. However, in low income countries, micro enterprises play a much more significant role...
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This paper uses a unique experiment conducted as part of the Investment Survey of the European Investment Bank (EIB) to provide novel evidence on firms' preferences over loan characteristics and the relation between terms of credit and investment decisions. The design of the experiment allows...
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