The Impact of Financial Structure on Firms' Financial Constraints: A Cross-Country Analysis
نویسندگان
چکیده
منابع مشابه
The Impact of Financial Structure on Firms’ Financial Constraints: A Cross-Country Analysis
We estimate firms’ cash flow sensitivity of cash to empirically test how the financial system’s structure and activity level influence their financial constraints. For this purpose we merge Almeida et al. (2004), a path-breaking design for evaluating a firm’s financial constraints, with Levine (2002), who paved the way for comparative analysis of financial systems around the world. We conjectur...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2009
ISSN: 1556-5068
DOI: 10.2139/ssrn.1431344