Entrepreneurs' gender and financial constraints: Evidence from international data

Financial Constraints and the Income Sensitivity of Investment: Evidence From International Housing Markets

The specific conditions that characterize housing finance contracts allow me to determine a precise relationship between financial constraints and the income sensitivity of investment demand: relaxation of financial constraints is associated with higher income sensitivity of housing investment demand (and equilibrium housing prices). This implication differs from those explored in previous rese...

Financial Development and Financing Constraints: International Evidence from the Structural Investment Model

This paper provides a micro-level evidence that ...nancial development impacts growth by reducing ...nancing constraints that would otherwise restrict e¢cient ...rm investment. I estimate a structural model based on the Euler equation for investment using ...rm-level data from 40 countries. I ...nd a strong negative relationship between the extent of ...nancial market development, and the sensi...

Financial Development and Financing Constraints : International

Ownership structure and financial constraints Evidence from a structural estimation

This article examines the impact of the divergence between corporate insiders’ control rights and cash-flow rights on firms’ external finance constraints via generalized method of moments estimation of an investment Euler equation. Using a large sample of U.S. firms during the 1994–2002 period, we find that the shadow value of external funds is significantly higher for companies with a wider in...

Foreign-Owned Firms and Financial Constraints: [Evidence from Ghana]

The ability of foreign firms to bring in additional capital to a host country together with technological and skill spillovers may relieve domestic firms of their financial constraints. Yet, some foreign firms borrow more from the local capital markets than the amount of capital they bring in, worsening the financial constraints of the domestic firms. We use a panel of 182 Ghanaian manufacturin...