DONATI, Cristiana; CINQUEGRANA, Giuseppe; SARNO, Domenico - In: Theoretical and Practical Research in Economic Fields III (2013) 2, pp. 59-72
Our study confirms that the financial constraints of the SME's growth tend to appear as an excess of sensibility of the investment expenditures on the firm's cash flow. Through the application of dynamic panel data techniques to an extended version of Eulero's investment equation of a sample of...