R&D activity and financing constraints: Evidence from Turkey

Financing Constraints and Entrepreneurship

from historical facts to geo-political realities: relation between turkey and armenia ( 1915 – 2010)

armenias geopolitics and its historical experience have had a determining impact on the character of its foreign policy .present-day armenia is a small, landlocked country with _11,620 square miles area armenias landlocked nature makes it dependent on the benevolence of its neighbors for access to the outside world a fact that gives it a sense of isolation and vulnerability. as it was indic...

Entrepreneurship Financing and Nation Building in Nigeria: Evidence from Agricultural Small and Medium Scale Enterprises

An attempt has been made in this study to examine the relationship between entrepreneurship financing from the perspective of agricultural small and medium scale enterprises and nation building in Nigeria from 1990 to 2017. Data were collected from the Central Bank of Nigeria Statistical Bulletin with the application of Autoregressive Distributed Lagged and Bounds test to address the objective ...

Financing constraints, employment, and labor compensation: evidence from the subprime mortgage crisis

This paper identifies the effect of financing constraints on firms’ labor demand. We exploit exogenous funding shocks to German savings banks during the US mortgage crisis that are unrelated to local conditions. We find that firms with credit relationships with affected banks experienced a significant decline in employment and in labor compensation relative to firms whose credit relationships w...

Organizational Form and Financing Constraints : Evidence from the Indonesian Manufacturing Industry

This paper investigates how, in a developing country, where credit market and legal institutions are weak, firms' choice of organization form, i.e., noncorporate versus corporate, affects their access to capital markets. I use data from Indonesian manufacturers from 1992 to 1998 to show that incorporated firms are less reliant on internal financing than unincorporated firms. Moreover, a 1995 re...