No Deep Pockets: Some stylized results on firms' financial constraints

Filipe Silva () and Carlos Carreira ()

No 2009-06, GEMF Working Papers from GEMF, Faculty of Economics, University of Coimbra

Abstract: This paper is a brief survey of recent empirical work on financial constraints faced by firms. It is organized as a series of stylized results which mirror what is generally understood about severity of financial constraints and effects that they have upon firms. This survey shows that (a) the financial constraint is a widespread key concern for firms, hindering their ability to carry out their optimal investment and growth trajectories and (b) the severity of such constraints depends on institutional and firm specific characteristics, as well as on the nature of investment projects.

Keywords: Firms financial constraints; Firm-level studies. (search for similar items in EconPapers)
JEL-codes: G3 L00 L2 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2009-06
New Economics Papers: this item is included in nep-bec
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Citations: View citations in EconPapers (26)

Published in Journal of Economic Surveys 24(4): 731-753, 2010

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Related works:
Journal Article: NO DEEP POCKETS: SOME STYLIZED EMPIRICAL RESULTS ON FIRMS’ FINANCIAL CONSTRAINTS (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:gmf:wpaper:2009-06

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