Financial constraints and firm post-entry performance

Brito, Paulo; Mello, António S.

doi:10.1016/0167-7187(95)00504-8

Cited by 37 publications

(17 citation statements)

References 17 publications

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“…This can also have an effect on the firms post entry performace. (Britto and Mello 1995).This results in "vintage effects". Older firms can therefore have higher sales as compared to new firms.…”

Section: Results Of Regression Analysismentioning

confidence: 99%

Does the Structure of Debt Affect the Output and Investment Strategies of the Firm?

Banga¹,

Sinha²

2005

J. Restr. Fin.

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The paper examines the impact of total debts, short-term debts and long-term debts on the output, gross investments and technology-upgrading strategies of the firms in certain oligopolistic industries in India. We first develop a simple theoretical model to motivate the analysis. The empirical analysis shows that debt as a whole may have a negative impact on the choice of output and investment levels of the firms. However, the short-term debts make firms behave in a conservative fashion while the long-term debts make firms behave more aggressively in this respect. Debt, irrespective of its structure, forces the firms to upgrade their technology. Total debt has a negative impact on profitability, however, firms with higher long-term debts have higher profitability.JEL Classifications: L13, L60, D43, G32.

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Section: Results Of Regression Analysismentioning

confidence: 99%

Does the Structure of Debt Affect the Output and Investment Strategies of the Firm?

Banga¹,

Sinha²

2005

J. Restr. Fin.

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“…For example, the imperfection of external capital markets is recognized to be the most important factor hindering the growth of small and young firms (Brito and Mello 1995). By contrast, an internal capital market is thought to be more effective for acquired firms for at least three reasons.…”

Section: The Positive Effectmentioning

confidence: 99%

The effects of acquisition on the growth of new technology-based firms: Do different types of acquirers matter?

Xiao

2015

Small Bus Econ

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“…Thus, births (and deaths) are traditionally more concentrated in smaller size classes, when compared to the overall firm population (OECD, 2009). On the other hand, firms with better information about their future success tend to enter with a bigger size 7 Another well-documented cause is that firms start small due to financing constraints (Silva and Carreira, 2011;Cabral and Mata, 2003;Brito and Mello, 1995).…”

Section: Average Birth Rate Annual Average Growth Of Births (%) (%) Pmentioning

confidence: 99%

The dynamics of employer enterprise creation in Portugal over the last two decades: a firm size, regional and sectoral perspective

Sarmento

Nunes²

2012

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A navegação consulta e descarregamento dos títulos inseridos nas Bibliotecas Digitais UC Digitalis, UC Pombalina e UC Impactum, pressupõem a aceitação plena e sem reservas dos Termos e Condições de Uso destas Bibliotecas Digitais, disponíveis em https://digitalis.uc.pt/pt-pt/termos.Conforme exposto nos referidos Termos e Condições de Uso, o descarregamento de títulos de acesso restrito requer uma licença válida de autorização devendo o utilizador aceder ao(s) documento(s) a partir de um endereço de IP da instituição detentora da supramencionada licença.Ao utilizador é apenas permitido o descarregamento para uso pessoal, pelo que o emprego do(s) título(s) descarregado(s) para outro fim, designadamente comercial, carece de autorização do respetivo autor ou editor da obra. Na medida em que todas as obras da UC Digitalis se encontram protegidas pelo Código do Direito de Autor e Direitos Conexos e demais legislação aplicável, toda a cópia, parcial ou total, deste documento, nos casos em que é legalmente admitida, deverá conter ou fazer-se acompanhar por este aviso.

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Financial constraints and firm post-entry performance

Cited by 37 publications

References 17 publications

Does the Structure of Debt Affect the Output and Investment Strategies of the Firm?

Does the Structure of Debt Affect the Output and Investment Strategies of the Firm?

The effects of acquisition on the growth of new technology-based firms: Do different types of acquirers matter?

The dynamics of employer enterprise creation in Portugal over the last two decades: a firm size, regional and sectoral perspective

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