This paper investigates the impact of local banks and digital financial inclusion on Small Medium-sized Enterprise (SME) financing constraints. Using data from Chinese SMEs for period 2007–2017, our robust results find that (1) SMEs’ constraints are negatively associated with proportion bank branches degree inclusion; (2) effect is more pronounced firms which small, transparent, located in regi...

Digital financial inclusion through the use of big data, artificial intelligence and other emerging technologies is becoming increasingly sophisticated in China. Using a sample 843 SMEs Shenzhen Stock Exchange from 2012-2021, this paper investigates impact digital on SMEs’ financing constraints its mechanism action using fixed effects model. It found that can significantly alleviate SMEs. Furth...

A theoretical model examines real investment decisions during bankruptcy reorganization and the closing distribution of property rights over capital structure to creditors and equityholders. Estate value is uncertain. Risky real investment levels in firm technology are endogenous and subject to financing constraints with interest rates sensitive to the probability of default and expected credit...

Segmentation of femurs in Anterior-Posterior x-ray images is very important for fracture detection, computer-aided surgery and surgical planning. Existing methods do not perform well in segmenting bones in x-ray images due to the presence of large amount of spurious edges. This paper presents an atlas-based approach for automatic segmentation of femurs in x-ray images. A robust global alignment...

In modern decentralised health systems, district and local managers are increasingly responsible for financing, managing, and delivering healthcare. However, their lack of adequate skills and competencies are a critical barrier to improved performance of health systems. Given the financial and human resource, constraints of relying on traditional face-to-face training to upskill a large and dis...

A controversy exists on the use of the investment – cash flow sensitivity as a measure of financing constraints of firms. We re-examine this controversy by analyzing firms affiliated to Indian business groups. We find a strong investment – cash flow sensitivity for both group-affiliated and independent firms, but no significant difference in the sensitivity between them. Additional tests consis...