Unlike conventional wisdom, I find more constrained firms have significantly higher innovative efficiency (IE) measured by patent citations (or counts) per dollar of R&D (research and development). This constraints-IE relation is robust to measures of financial constraints, measures of IE, and different sets of control variables. Furthermore, this effect exists only among firms with strong mana...

The objective of this study is to assess whether financial deregulation has had a statistically significant effect on Irish consumption behaviour. Specifically, the study asks whether financial deregulation has affected consumption behaviour by reducing liquidity constraints. Formal stability tests are used to test for diminished liquidity constraints as indicated by a decrease in the excess se...

Recent turmoil on global financial markets has led to a discussion on which policy measures should or could be taken to stabilize financial markets. One such a measure that resurfaced is the imposition of short-selling constraints. It is conjectured that these shortselling constraints reduce speculative trading and thereby have the potential to stabilize volatile financial markets. The purpose ...

There is some controversy on the key sources of success in the private equity model and on how this business model affects the portfolio companies. We investigate operating performance and financial constraints of European companies around the buyout event in the period between 2000 and 2008. In addition, we analyze whether these companies go bankrupt more often than comparable non-buyout compa...

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...

understanding various aspects of the problems, challenges and constraints of agricultural activities such as mushroom ventures and trying to plan and policy for solving problems are suitable strategies for developing agri– businesses. the purpose of this qualitative study was to explain the challenges and constraints of developing mushroom venturesin kermanshah province. information were collec...