scholarly journals Financing Constraints, Firm Dynamics, and International Trade

2012 ◽  
Author(s):  
Till Gross ◽  
Stephane Verani
Keyword(s):  
International Trade ◽  
Firm Dynamics ◽  
Financing Constraints

scholarly journals Financing Constraints, Firm Dynamics, and International Trade

2012 ◽  
Vol 2012 (68) ◽  
pp. 1-47
Author(s):  
Till Gross ◽  
◽  
Stéphane Verani
Keyword(s):  
International Trade ◽  
Firm Dynamics ◽  
Financing Constraints

scholarly journals Financing Constraints, Firm Dynamics, and International Trade

2013 ◽  
Vol 2013 (02) ◽  
pp. 1-44
Author(s):  
Till Gross ◽  
◽  
Stéphane Verani
Keyword(s):  
International Trade ◽  
Firm Dynamics ◽  
Financing Constraints

scholarly journals Innovation, Firm Dynamics, and International Trade

2010 ◽  
Vol 118 (3) ◽  
pp. 433-484 ◽  
Author(s):  
Andrew Atkeson ◽  
Ariel Tomás Burstein
Keyword(s):  
International Trade ◽  
Firm Dynamics

scholarly journals A Theory of Financing Constraints and Firm Dynamics

2006 ◽  
Vol 121 (1) ◽  
pp. 229-265 ◽  
Author(s):  
G. L. Clementi ◽  
H. A. Hopenhayn
Keyword(s):  
Firm Dynamics ◽  
Financing Constraints

scholarly journals A Theory of Financing Constraints and Firm Dynamics*

2006 ◽  
Vol 121 (1) ◽  
pp. 229-265 ◽  
Author(s):  
Gian Luca Clementi ◽  
Hugo A. Hopenhayn
Keyword(s):  
Firm Dynamics ◽  
Financing Constraints

scholarly journals Financing Constraints, Radical versus Incremental Innovation, and Aggregate Productivity

2019 ◽  
Vol 11 (2) ◽  
pp. 275-309 ◽  
Author(s):  
Andrea Caggese
Keyword(s):  
Risk Taking ◽  
Productivity Growth ◽  
Negative Relationship ◽  
Firm Dynamics ◽  
Incremental Innovation ◽  
Financing Constraints ◽  
Aggregate Productivity ◽  
Financing Frictions ◽  
Barrier To Entry ◽  
Firm’S Life Cycle

I provide new empirical evidence on the negative relationship between financial frictions and productivity growth over a firm’s life cycle. I show that a model of firm dynamics with incremental innovation cannot explain this evidence. However, further including radical innovation, which is very risky but potentially very productive, allows for the joint replication of several stylized facts about the dynamics of young and old firms and the differences in productivity growth in industries with different degrees of financing frictions. These frictions matter because they act as a barrier to entry that reduces competition and the risk-taking of young firms. (JEL D22, D24, D25, G32, L25, L60, O31)

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