Financial crisisfinancing constraintsinvestment spendingliquidity managementmatching estimatorsWe survey 1,050 CFOs in the U.S., Europe, and Asia to assess whether their firms are credit constrained during the global credit crisis of 2008. We study whether corporate spending plans differ conditional on ...
The real effects of financial constraints: evidence from a financial crisis Journal of Financial Economics (2010) A. Dittmar et al. Corporate governance and the value of cash holdings Journal of Financial Economics (2007) R. Duchin et al. Costly external finance, corporate investment, and the su...
摘要:This paper studies the real effects of foreign real estate capital inflows. Using transaction-level data, we document (i) a “China shock” in the U.S. housing market characterized by surging foreign Chinese housing purchases after 2008, and (ii) “home bias” in these purchases, as t...
The real effects of financial constraints: Evidence from a financial crisis We survey 1,050 Chief Financial Officers (CFOs) in the U.S., Europe, and Asia to directly assess whether their firms are credit constrained during the glob... Murillo,Campello,and,... - 《Journal of Financial ...
“Big Six” family groups, who manage more than 50% of the manufacturing sector. Thus, this study contributes to the literature by focusing on the nexus of financing constraints and firm growth in the context of family firms and the related effects of network and reputation in a developing ...
Specifically, we examine the banking industry in Tunisia, in particular the effects of financial liberalization on the efficiency of the Tunisian banking system. Detailed attention is paid to whether or not reforms have unevenly affected banks over time, and how different ownership structure may be ...
Real sales growth is found to be a significant determinant of corporate investment. The user cost of capital, which incorporates both debt and equity financing costs, also appears to be an important determinant. The paper also explores the effects of cash flow on investment, allowing for the ...
In the background, powerful long-term tectonic forces were also shaping the journey. Financial liberalisation amplified financial cycles. And the globalisation of the real economy helped central banks hardwire low inflation. In a nutshell, after the mid- 1980s, low and stable inflation masked the ...
Furthermore, given the confusion of the many financial reforms, which have been implemented after the 2007–2009 financial crisis, it is all the more important to try and clarify the real impact that the most important reform implemented in the last decade in the U.K. had on banks and ...
The real effects of financial constraints: evidence from a financial crisis Journal of Financial Economics (2010) M. Cornett et al. Liquidity risk management and credit supply in the financial crisis Journal of Financial Economics (2011) H. DeAngelo et al. Seasoned equity offerings, market timing...