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Measuring Firms' Financial Constraints: A Rough Guide

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  • Filipe Silva

    (GEMF, University of Coimbra, Portugal)

  • Carlos Carreira

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

Paper provided by GEMF - Faculdade de Economia, Universidade de Coimbra in its series GEMF Working Papers with number 2012-14.

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Length: 40 pages
Date of creation: Oct 2012
Date of revision:
Publication status: Published in Notas Económicas 36: 23-46, 2012.
Handle: RePEc:gmf:wpaper:2012-14

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Keywords: financial constraints; firms; survey.;

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References

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Cited by:
  1. A. Ferrando & K. Mulier, 2013. "Firms’ financing constraints: Do perceptions match the actual situation?," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 13/844, Ghent University, Faculty of Economics and Business Administration.
  2. 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.
  3. 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.

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