Cognitive financial constraints and firm growth
نویسندگان
چکیده
Abstract This study distinguishes entrepreneurs’ cognitive financial constraints from supply and assesses their relative importance to small business growth. Drawing the literature on styles institutional theory, we argue that businesses’ derive not only market failures but also factors of entrepreneurs. Analysing a comprehensive dataset more than 200,000 businesses in Vietnam, show both impede firm Given this significantly deleterious effect, originating demand side financing deserve attention.
منابع مشابه
Financial Constraints and Firm Dynamics
The short run effects of financial constraints (FCs) on the expected growth rate of firms and their long-term implications on the evolution of the firm size distribution have been recently investigated by several scholars. In this paper we extend the analysis to a wider and largely unexplored range of possible FCs effects, including the autoregressive and heteroskedastic structure of the firm g...
متن کاملKnowledge constraints and firm growth
Firms are constrained in growing knowledge capital due to frictions on the transfer of firm-specific knowledge (such as the process of recruiting and training skilled labor). Constrained firms must therefore forgo some positive-NPV projects during their growth. I embed micro-founded knowledge constraints in a q-theory model of a firm with two capital goods, structurally estimate the model, and ...
متن کاملNber Working Paper Series Financial Constraints and Growth: Multinational and Local Firm Responses to Currency Crises
The statistical analysis of firm-level data on U.S. multinational companies was conducted at the International Investment Division, Bureau of Economic Analysis, U.S. Department of Commerce under arrangements that maintain legal confidentiality requirements. The views expressed are those of the authors and do not reflect official positions of the U.S. Department of Commerce. The authors thank Ma...
متن کاملFinancial Constraints and Growth: Multinational and Local Firm Responses to Currency Depreciations
This article examines how financial constraints and product market exposures determine the response of multinational and local firms to sharp depreciations. U.S. multinational affiliates increase sales, assets, and investment significantly more than local firms during, and subsequent to, depreciations. Differing product market exposures do not explain these differences in performance. Instead, ...
متن کاملFinancial Constraints , Uses of Funds and Firm Growth : an International Comparison
Financial Constraints, The findings suggest that across very different financial Uses of Funds, systems, financial markets and and Firm Growth intermediaries have a comparative advantage in funding short-term An International Comparison investment. An active, though not necessarily large, stock market and high scores on an Asli Demirgu,c-Kunt index of respect for legal Vojislav Maksimovic norms...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Small Business Economics
سال: 2021
ISSN: ['1573-0913', '0921-898X']
DOI: https://doi.org/10.1007/s11187-021-00503-7