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Crowdfunding, Financing Constraints and Real Effects

Kumar, Praveen - 2019

We study the feasibility and optimal design of pre-sale crowdfunding contracts where participating consumers pay a premium above the future expected spot price and financially constrained entrepreneurs balance the potential product-market distortions introduced through pre-sale crowdfunding...

Persistent link: https://www.econbiz.de/10012889375

A New Order of Financing Investments : Evidence from Acquisitions by India's Listed Firms

Jindal, Varun - 2019

We propose a new order of financing investments based on the considerations of control and financial constraints in a market with the presence of business groups. We base our analysis on a sample of acquisitions, one of the largest forms of investments, made by India's publicly listed firms from...

Persistent link: https://www.econbiz.de/10012898931

Credit Supply Shocks, Financial Constraints and Investments for Small and Medium-sized Firms

Hetland, Ove Rein - 2018

) was the effect driven by past investment patterns? We find that access to shareholder funding during the crisis offset the …

Persistent link: https://www.econbiz.de/10012940395

Mandatory Pollution Abatement, Financial Constraint and Firm Investment

Dang, Tri Vi - 2020

This paper analyses the effect of mandatory pollution abatement on U.S. corporate investment and performance and shows … that environmental regulation can stimulate investment in innovation. The following set of theoretical and empirical … results are presented. For financially unconstrained firms, mandatory pollution abatement leads to more current R&D investment …

Persistent link: https://www.econbiz.de/10012851241

Regional Financial Development and Financing Constraints in R&D Investments : A Panel Study of Chinese High-Tech Firms

Li, Guo - 2014

We apply the Q-Theory investment model to a panel of high-tech firms listed on the Chinese stock market during 2008 and …

Persistent link: https://www.econbiz.de/10013050213

Do financing constraints hinder corporate fixed investment? : evidence from the Amman stock exchange

Khataybeh, Mohammad A. - In: Cogent business & management 8 (2021) 1, pp. 1-11

This research provides new evidence on financing constraints on corporate fixed investment by emphasizing the role of … the cash holdings variable appears to be negative in the fixed-investment regression, suggesting that when firms face …

Persistent link: https://www.econbiz.de/10012662096

Managerial Incentives, Net Debt and Investment Activity in All-Equity Firms

Alderson, Michael J. - 2010

We examine the impact of managerial risk exposure on capital structure selection by comparing a sample of 123 all-equity firms to a set of levered firms matched on the basis of industry, market cap and market-to-book assets. Net debt levels decline as CEO wealth sensitivity to stock price...

Persistent link: https://www.econbiz.de/10013144842

Contingent Capital, Real Options and Agency Costs

Song, Dandan - 2014

's investment policy, agency cost of debt and capital structure. We consider two different conversion thresholds of CCB: One is …

Persistent link: https://www.econbiz.de/10013063329

The relationship between investment and internal cash flows in VC-backed SMEs : does firm size matter?

Serrasqueiro, Zélia; Sardo, Filipe; Félix, Elisabete … - In: Journal of entrepreneurial finance : JEF ; official … 21 (2019) 1, pp. 38-56

analyze the relationship between investment and internal cash flows. The results indicate that the investment sensitivity to … VC-backed SME investment. The moderation effect of VC ownership reduces the magnitudes of the positive impact of cash … flows and debt as well as the negative effect of growth opportunities on investment in both smaller and larger VC …

Persistent link: https://www.econbiz.de/10012241535

Effect of financial constraints on the growth of family and nonfamily firms in Turkey

Ergün, Bahadır; Doruk, Ömer Tuğsal - In: Financial innovation : FIN 6 (2020) 28, pp. 1-24

This study examined whether family-owned firms have advantages for accessing external financial sources for growth. Especially in developing countries with imperfect markets, firms can face difficulties accessing external financing sources; however, family-owned firms might have some advantages...

Persistent link: https://www.econbiz.de/10012268930