DETERMINANTS OF FINANCIAL CONSTRAINTS: THE EFFECT OF FINANCIAL CRISIS AND HETEROGENEITY ACROSS INDUSTRIES

被引：0

作者：

Ponikvar, Nina ^{[1
]}

Kejzar, Katja Zajc ^{[2
]}

Moerec, Barbara ^{[3
]}

机构：

[1] Univ Ljubljana, Fac Econ, Acad Unit Econ, SI-1000 Ljubljana, Slovenia

[2] Univ Ljubljana, Fac Econ, Acad Unit Int Econ & Business, SI-1000 Ljubljana, Slovenia

[3] Univ Ljubljana, Fac Econ, Acad Unit Accounting & Auditing, SI-1000 Ljubljana, Slovenia

来源：

EKONOMSKA ISTRAZIVANJA-ECONOMIC RESEARCH | 2013年

关键词：

financial constraints; industry factors; firm characteristics; economic crisis; CORPORATE-INVESTMENT; FIRM; POLICY; BEHAVIOR; GROWTH; IMPACT; INFORMATION; DECISIONS; CREDIT; MARKET;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Based on the population of Slovenian firms we analyse the impact of the 2008 financial crisis on the firms' financial constraints. In line with the theoretical predictions firm size, ownership, productivity, and export orientation all impact firm's financial situation. With the full onset of the crisis in 2009, financial health of the foreign firms worsened more compared to domestic firms, while the availability of financial resources deteriorated less for more productive firms and for exporters. Even though firm's size has a significant impact on firm's financial constraint, crisis didn't have an additional significant negative effect on firms' financial distress for all but small firms.

引用

页码：45 / 62

页数：18

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