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We investigate the effect of financial constraints on the investment decisions of Slovenian firms during the current …
Persistent link: https://www.econbiz.de/10012974270
Persistent link: https://www.econbiz.de/10010467352
This paper tests for the sensitivity of R&D to financing constraints conditional on restrictions in external financing. Financing constraints of firms are identified by an exogenously calculated rating index. Restrictions in external financing are determined by (i) the specific time period...
Persistent link: https://www.econbiz.de/10012196342
' investment, growth and financial constraints. Combining propensity score matching with a difference-in-differences estimator, our …
Persistent link: https://www.econbiz.de/10011671647
This paper investigates the impact of the financial crisis on investment decisions in innovative versus non … more likely to suffer from the financial crisis and to reduce their investment expenditures in general. To some extent … investment growth than non-innovative firms. …
Persistent link: https://www.econbiz.de/10011339805
transmission of bank distress to the real economy—in particular, to real investment and labor employment by nonfinancial firms. We … supply downsize their real investment and labor employment significantly. This effect islarger for firms that are unable to …
Persistent link: https://www.econbiz.de/10011339776
transmission of bank distress to the real economy - in particular, to real investment and labor employment by nonfinancial firms … supply downsize their real investment and labor employment significantly. This effect is larger for firms that are unable to …
Persistent link: https://www.econbiz.de/10011346644
We assess the impact of credit constraints on investment, inventories and other working capital and firm growth with a …, as firms with poor investment and growth opportunities may have a higher probability of being credit constrained. We … implement several strategies to overcome this obstacle: proxies for investment opportunities, lagged regressors, random effects …
Persistent link: https://www.econbiz.de/10011792068
We use the stochastic frontier approach to estimate the impact of firm characteristics on investment decisions of …) optimum investment that is consistent with a firm's characteristics such as the Tobin's q during each firm-year, and then … estimate the deviation from this unobserved optimum in the form of an (investment) efficiency score that varies between zero …
Persistent link: https://www.econbiz.de/10013129983
We assess the impact of credit constraints on investment, inventories and other working capital and firm growth with a …, as firms with poor investment and growth opportunities may have a higher probability of being credit constrained. We … implement several strategies to overcome this obstacle: proxies for investment opportunities, lagged regressors, random effects …
Persistent link: https://www.econbiz.de/10012926939