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Measuring Firms' Financial Constraints: A Rough Guide

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  • Filipe Silva

    (GEMF, University of Coimbra, Portugal)

  • Carlos Carreira

    ()
    (Faculty of Economics University of Coimbra and GEMF, Portugal)

Abstract

The recent years have been prolific in terms of development of new measures of firms’ financial constraints. This paper surveys the main strategies proposed. Additionally, we discuss the key advantages and disadvantages of each measure as well as the data requirements for implementation. Finally, it provides a useful tool for researchers that intend to analyse the impact of constraints on firm behaviour.

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Bibliographic Info

Article provided by Faculdade de Economia, Universidade de Coimbra in its journal Notas Económicas.

Volume (Year): (2012)
Issue (Month): 36 (December)
Pages: 23-46

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Handle: RePEc:gmf:journl:y:2012:i:36:p:23-46

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Cited by:
  1. Ferrando, Annalisa & Mulier, Klaas, 2013. "Firms’ financing constraints: do perceptions match the actual situation?," Working Paper Series 1577, European Central Bank.
  2. Carlos Carreira & Filipe Silva, 2013. "Do Size, Age and Dividend Policy Provide Useful Measures of Financing Constraints? New Evidence from a Panel of Portuguese Firms," GEMF Working Papers 2013-26, GEMF - Faculdade de Economia, Universidade de Coimbra.
  3. Filipe Silva & Carlos Carreira, 2012. "Financial Constraints: Do They Matter to R&D Subsidy Attribution?," GEMF Working Papers 2012-18, GEMF - Faculdade de Economia, Universidade de Coimbra.

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