Financing Constraints: Determinants and Implications for Firm Growth in Pakistan
نویسندگان
چکیده
منابع مشابه
Knowledge 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 کاملBanking Deregulations, Financing Constraints and Firm Entry Size
We examine the e¤ect of US branch banking deregulations on the entry size of new rms using micro-data from the US Census Bureau. We nd that the average entry size for startups did not change following the deregulations. However, among rms that survived at least four years, a greater proportion of rms entered either at their maximum size or closer to the maximum size in the rst year. The ma...
متن کاملFinancing Constraints, Firm Dynamics, Export Decisions, and Aggregate Productivity
We present a dynamic model in which firms accumulate wealth to avoid bankruptcy and to overcome financing constraints that affect their fixed operational costs and the costs of becoming an exporter. Financing constraints not only affect firms directly when they are binding, but also indirectly, through precautionary saving and the selection of firms via entry and exit of the domestic and export...
متن کاملEconomic Growth and its Determinants in Pakistan
This paper aims to investigate the impact of macroeconomic variables on economic growth after Structural Adjustment Program (SAP) in Pakistan. In doing so, study utilizes the quarterly time series data from 1990 to 2007. Advanced Autoregressive Distributed Lag model (ARDL) approach has been employed for co-integration and error correction model (ECM) for short-run results in the case of Pakista...
متن کاملEarly-stage financing and firm growth in new industries
This paper shows that active investors, such as venture capitalists, can affect the speed at which new ventures grow. In the absence of product market competition, new ventures financed by active investors grow faster initially, though in the long run those financed by passive investors are able to catch up. By contrast, in a competitive product market, new ventures financed by active investors...
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: THE LAHORE JOURNAL OF ECONOMICS
سال: 2011
ISSN: 1811-5446
DOI: 10.35536/lje.2011.v16.isp.a14