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This paper considers the effect of financial liberalisation on access to investment finance using firm level data … credit : firm level investment …
Persistent link: https://www.econbiz.de/10009565839
Financialization creates space for the financial sector in economies, and in doing so helps to raise the share of financial assets in the portfolios held by market participants. Largely driven by deregulation, the process works to make financial assets relatively attractive as compared to other...
Persistent link: https://www.econbiz.de/10010463926
, and a stronger negative correlation of investment with credit spreads, consistent with the data …
Persistent link: https://www.econbiz.de/10013115086
We develop a model to examine the timing of investment decisions in relation to the issuance of convertible debt by … firms. Our model shows that when the demand shock has higher volatility, the firm finances the investment cost with high … tend to defer investments. Furthermore, we examine the investment decisions in which the convertible debt includes a call …
Persistent link: https://www.econbiz.de/10013115186
In this paper we study the relationship between firm age, the use of external finance and new investment decisions, in …, suggesting that greater financial development and a stronger investment climate offers young firms greater access to bank … firms that report a need for credit, but did not apply for a loan, have the lowest incidence and amount of investment. Our …
Persistent link: https://www.econbiz.de/10013115696
traditional investment self-financing, while no clear statistical evidence is found in the R&D case. Credit rationing is not …
Persistent link: https://www.econbiz.de/10013090276
constant. We also find that PE-backed companies have more conservative investment and dividend policies after bond offerings …
Persistent link: https://www.econbiz.de/10013064680
We find that VC-backed firms receiving their initial investment in hot markets are less likely to IPO, but conditional …
Persistent link: https://www.econbiz.de/10013066373
We find that VC-backed firms receiving their initial investment in hot markets are more likely to go bankrupt, but …
Persistent link: https://www.econbiz.de/10013067207
Strategic investors, such as corporate venture capitalists, engage in the financing of start-up firms to complement their core businesses and to facilitate the internalization of externalities. We argue that while strategic objectives make it more worthwhile for an investor to elicit high...
Persistent link: https://www.econbiz.de/10013152818