Financial Crisis Influence on Risk Sensitivity and Answer of Businesses by Increasing Cash Levels: Slovak and Polish Manufacturing Firms Data

2013 ◽  
Author(s):  
Grzegorz Marek Michalski ◽  
Manuela Raisova
Keyword(s):  
Financial Crisis ◽  
Manufacturing Firms ◽  
Risk Sensitivity

scholarly journals IS TAIWAN'S R&D PRODUCTIVITY IN DECLINE? A MICROECONOMETRIC ANALYSIS

2013 ◽  
Vol 14 (1) ◽  
pp. 137-155
Author(s):  
Chih-Hai Yang ◽  
Chia-Hui Huang
Keyword(s):  
Economic Growth ◽  
Financial Crisis ◽  
Productivity Growth ◽  
Electronics Industry ◽  
Asian Financial Crisis ◽  
Manufacturing Firms ◽  
Firm Level ◽  
Crisis Period ◽  
Crucial Question ◽  
The Past

Innovation is widely recognized as the main stimulus of economic growth. Considering that Taiwan has devoted increasingly more efforts to R&D since the late 1980s, a crucial question is posed: did the R&D productivity of firms begin to decline in Taiwan during the post-Asian Financial Crisis period when Taiwan's economic growth began to decelerate? This study investigates changes in R&D productivity for Taiwan's manufacturing firms from 1990 to 2003. By employing various approaches to obtain robust results, findings from firm-level microeconometric analysis suggests that overall R&D productivity in Taiwan appears to have been ascendant, particularly during the post-crisis period. This result is also evidenced by segmenting the sample into industry groups, whereby electronics firms have a significantly high R&D productivity growth relative to firms outside the electronics industry. Therefore, the slowdown of Taiwan's economic growth in the past decade is attributed to other influences rather than a slowdown in R&D productivity.

scholarly journals Firm Financial Status and Investment Behaviour: Evidence from Manufacturing Firms in Nigeria

2019 ◽  
Vol 22 (1) ◽  
pp. 73-92
Author(s):  
Alarudeen Aminu ◽  
Isiaka Akande Raifu
Keyword(s):  
Panel Data ◽  
Financial Crisis ◽  
Stock Market ◽  
Cash Flow ◽  
Instrumental Variable ◽  
Global Financial Crisis ◽  
Manufacturing Firms ◽  
Financial Status ◽  
Instrumental Variable Estimation ◽  
Investment Behaviour

AbstractThe study examines firm’s investment behaviour sensitivity to cash flow before, during and after the recent global financial crisis using the data of 28 firms listed on the Nigerian Stock Market during the period from 2001 to 2012. The contribution of the study to the existing literature rests on using financial crisis as basis for classifying firms as either financially constrained or unconstrained. Employing the panel data and instrumental variable estimation techniques, the study finds that firms’ investment behaviour sensitivity to cash flow was higher during the financial crisis than before or after the financial crisis. In other words, Nigerian firms were highly financially constrained during the last financial crisis.

Innovazione e ricerca nell'industria italiana. Alcune evidenze dell'indagine MET

2009 ◽  
pp. 193-207
Author(s):  
Raffaele Brancati ◽  
Davide Ciferri ◽  
Andrea Maresca
Keyword(s):  
Financial Crisis ◽  
Firm Size ◽  
Small Firms ◽  
National Level ◽  
Manufacturing Firms ◽  
Industrial System ◽  
Italian Regions ◽  
Italian Manufacturing Firms ◽  
Detailed Picture

- This work provides results from a survey based on a very large sample (25,000 firms) of Italian manufacturing firms carried out by MET in 2008. This survey, completed straight before the deepening of the financial crisis, aims to offer a detailed picture of the Italian industrial system with its regional, dimensional and sector-based variability. We show some evidence related to innovation and R&D activities. Intense heterogeneity among Italian regions is identified (other than north/south dualism). The main contribution of the work is to provide some measures of innovation and R&D for the smallest firms. Firm size is particularly relevant in explaining the intensity of R&D and the spread of innovation. Nevertheless, there is a key role of small firms in explaining the aggregate innovation performance both at regional and national level. Strong links between Innovation, R&D and Internationalisation are confirmed. R&D activities among small firms have specific characteristics: external research is widespread with an important role played by laboratories shared with other firms.

Manufacturing Firms in Mexico's Financial Crisis: Determinants of Severity and Response

1987 ◽  
Vol 3 (1) ◽  
pp. 127-150
Author(s):  
Loretta G. Fairchild ◽  
Kim Sosin
Keyword(s):  
Financial Crisis ◽  
Manufacturing Firms ◽  
La Substitution

Una muestra al nivel empresarial indica que la severidad de y la reacción a la crísis externa de México por parte de las empresas manufactureras fueron influidas por lo siguiente: el tener empresas hermanas, o extranjeras o domésticas; el nivel de exportación; la substitutión de lo importado; la deuda externa y el nivel histórico de competencia directa.

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