recently, financing knowledge-based companies as a strategic issue in iranian economy has been considered by many domestic bankers. in this regard, the establishment of venture funds and the allocation of credit lines may be considered as major activities of the banking system. however, there are many challenges on the road to achieve effective financing of knowledge-based companies, namely the...

We study the role of trade credit in enhancing resilience financially constrained firms from 2010 to 2017. Implicit borrowing finance allows bridge financing gap, expand employment by 8.26 per cent, and increase average firm profits significantly. Trade suppliers, not firms, experience a surge 7.99 cent rate sales growth. Corporate financial constraints occasioned is quite robust controlling fo...

Our model indicates that European firms across all size categories use trade credits to purchase 6%–15% of tangible fixed assets and 14%–30% intangible in the short-run. A long-run target adjustment shows large eventually replace most this temporary credit financing with cheaper sources funds. However, even long-run, small finance 4%–6% asset purchases 5%–10% using credit. Since smaller do not ...

This paper provides the first evidence on gender differences in investment financing, credit application and credit denial rates in Germany. The empirical analysis is carried out on a sample of firms drawn from the KfW Mittelstandspanel, a representative survey of German SMEs for the period from 2003 to 2009. Our results suggest that in female-owned firms the share of internal capital in invest...

In-transit inventory financing is gaining popularity as an alternative way to access financing. However, compared with other means such trade credit and bank loans, the effects on supply chain of a third-party logistics provider (TPL) providing in-transit are seldom investigated. This study adopts channel competition model examine impact chain. Through comparative analysis conventional approach...

We study the effect of asset liquidity (“tangibility”) on firm policies in the presence of financing constraints. We do so in a real options framework that allows for the simultaneous determination of investment and financing. In the presence of financing imperfections, firms that operate more tangible assets have larger credit capacity. By expanding the firm’s capital base, the investment proc...

Financing is the bottleneck that restricting the development of China's small and medium enterprises. The root cause of financing difficulty for SMEs is the serious information asymmetry that exists between financial institutions, which lead to adverse selection and moral hazard. In this paper, financing theories of SMEs information dissymmetry and credit rationing theories are used to analyze ...

and Applied Analysis 3 Table 1: Comparison between the papers discussing integrated inventory model with a trade credit. Author s Demand rate Production rate Production/purchase cost Freight rate Wholesale price Abad and Jaggi 39 Retail price sensitive Constant Constant — Constant Jaber and Osman 40 Constant — — — Constant Yang and Wee 41 Retail price sensitive — Constant — Constant Sheen and T...

A fairly extensive literature from the field of empirical psychology has provided evidence that personality factors and attitudes toward credit may influence individuals' debt financing decisions. This paper investigates the importance of these factors by analysing the results of an original survey about the recourse to consumer credit, conducted on a wide sample of Italian households. Three ma...