Firm Investment under Financial Market Imperfections

被引：0
|
作者：
Belanova, Katarina [1 ]
机构：
[1] Univ Econ Bratislava, Fac Natl Econ, Dept Finance, Bratislava, Slovakia
来源：
FINANCIAL MANAGEMENT OF FIRMS AND FINANCIAL INSTITUTIONS: 11TH INTERNATIONAL SCIENTIFIC CONFERENCE, PTS I-III | 2017年
关键词：
Financial sources; credit rationing; firm investment; CASH FLOW; CONSTRAINTS; LIBERALIZATION;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
A company can fund its investments by the use of internal and/or external funds. Especially SMEs have difficulties in getting external financial sources. One of the main reasons is that financial markets are imperfect, which results from the underdevelopment of the financial systems. The aim of the article is to survey the impact of financial market imperfections on firm investment on the sample of 53 automotive companies in the SR. The survey was carried out during the year 2011. We find supportive evidence for the fact that companies surveyed face credit rationing.
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页码：39 / 45
页数：7
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