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...

The controversy over whether investment-cash flow sensitivity is a good indicator of financing constraints is still unresolved. We tackle it from several different angles and cross-validate our analysis with both balance sheet and qualitative data on self-declared credit rationing and financing constraints. Our qualitative information shows that (self-declared) credit rationing is (weakly) rela...

We study how US branch banking deregulations a¤ected the entry and exit of …rms in the non-…nancial sector using establishment-level data from the US Census Bureau’s Longitudinal Business Database. The comprehensive micro-data allow us to study how the entry rate, the distribution of entry sizes, and survival rates for …rms responded to changes in banking competition. We also distinguish the re...

Affected by factors such as cost, the financial constraints faced supply chain are becoming more and severe. This paper constructs a financing pricing decision-making model for construction under capital constraints, uses Stackelberg game theory to analyze obtain best strategy internal external modes. The study found that when centralized is adopted, there profit distribution makes profits obta...

Combining theoretical analysis and empirical research, this paper constructs a framework for the threshold model on basis of review classification relevant documents, instance study existence monetary policy bank credit channels micro transmission mechanism China's channels. Based actual situation in China current state enterprise financing policies, constraints, investment efficiency, article ...