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Are financing conditions a threat to SMEs' performance, growth, and transformation?
Ferrando, Annalisa; Pál, Rozália - 2024
difficulties on firms' investment, performance, and growth during normal periods and periods of external shocks using a regression … financing conditions, controlling for other major investment barriers. We use survey data collected from the first to the eighth … vintage of the European Investment Survey (EIBIS). The empirical evidence shows that micro and small firms and leading …
Persistent link: https://www.econbiz.de/10015071862
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Effect of financial constraints on the growth of family and nonfamily firms in Turkey
Ergün, Bahadır; Doruk, Ömer Tuğsal - In: Financial Innovation 6 (2020) 1, pp. 1-24
examine this hypothesis, we used the generalized method of moments (GMM) approach to analyze panel data from 2006 to 2017. The …
Persistent link: https://www.econbiz.de/10012602861
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Aggregate consequences of credit subsidy policies : firm dynamics and misallocation
Jo, Hwan; Senga, Tatsuro - 2017
Government policies that attempt to alleviate credit constraints faced by small and young firms are widely adopted across countries. We study the aggregate impact of such targeted credit subsidies in a heterogeneous firm model with collateral constraints and endogenous entry and exit. A defining...
Persistent link: https://www.econbiz.de/10011756140
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Collateral damaged? : priority structure, credit supply, and firm performance
Cerqueiro, Geraldo; Ongena, Steven; Roszbach, Kasper - 2019
towards banks contracts the amount and maturity of corporate debt and leads firms to slow investment and forego growth …
Persistent link: https://www.econbiz.de/10012115121
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M&As, investment and financing constraints
Stiebale, Joel; Wößner, Nicole - 2017
' investment, growth and financial constraints. Combining propensity score matching with a difference-in-differences estimator, our …
Persistent link: https://www.econbiz.de/10011671647
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Leverage over the firm life cycle, firm growth, and aggregate fluctuations
Dinlersoz, Emin Murat; Kalemli-Ozcan, Sebnem; Hyatt, … - 2019
We study the leverage of U.S. firms over their life cycles and the connection between firm leverage, firm growth, and aggregate shocks. We construct a new dataset that combines private and public firms’ balance sheets with firm-level data from U.S. Census Bureau’s Longitudinal Business...
Persistent link: https://www.econbiz.de/10012063843
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Monitoring costs, credit constraints and entrepreneurship
Banerji, Sanjay; Raj, Rajesh S. N.; Sen, Kunal - 2012
The vast majority of firms in developing economies are micro and small enterprises owned by families whose members also provide the labour to the units. Often, they fail to grow in size even with the relaxation of credit constraints. In this paper, we show that frictions in the labour market...
Persistent link: https://www.econbiz.de/10009548201
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Monitoring Costs, Credit Constraints and Entrepreneurship
Banerji, Sanjay - 2012
The vast majority of firms in developing economies are micro and small enterprises owned by families whose members also provide the labour to the units. Often, they fail to grow in size even with the relaxation of credit constraints. In this paper, we show that frictions in the labour market...
Persistent link: https://www.econbiz.de/10013104968
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Access to finance and firm performance : evidence from African countries
Fowowe, Babajide - In: Review of development finance 7 (2017) 1, pp. 6-17
This study conducts an empirical investigation of the effects of access to finance on the growth of firms in African countries. In order to achieve this, we made use of a new rich enterprise-level data set from the World Bank's Enterprise Surveys and employ both subjective and objective measures...
Persistent link: https://www.econbiz.de/10011714406
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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 … often overconfident an effort is made to highlight the effect of this psychological bias on managerial investment decision … – making. Design/methodology/approach: The research methodology is based on the approach that the investment-cash flow …
Persistent link: https://www.econbiz.de/10012023594