Prior evidence that firm’s environment, society and governance (ESG) performance has a positive impact on its investment behavior, leaves unaddressed whether it the same corporate financing constraints. Drawing stakeholder theory Information asymmetry theory, this study analyzes issue in more exhaustive way. Use Chinese A-share listed companies samples from 2009 to 2020, author relationship bet...

My new findings from firm-level surveys show that both a firm’s probability of exporting and a firm’s exporting volume increase with the firm’s age after controlling productivity as well as that both probability of and quantity of export are higher among financially non-constrained firms, after controlling age and productivity. This paper develops a model with credit-constrained, heterogeneous ...

in this paper, the effect of financial liberalization on household’s budget liquidity constraint is analyzed with the use of an error correction model. financial liberalization will decline liquidity constraint, with expanding means of making future incomes available for present consumption. here a financial liberalization index for iran is defined using principal component analysis technique, ...