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  • About
  • The Global ETD Search service is a free service for researchers to find electronic theses and dissertations. This service is provided by the Networked Digital Library of Theses and Dissertations.
    Our metadata is collected from universities around the world. If you manage a university/consortium/country archive and want to be added, details can be found on the NDLTD website.
1

Is finance most binding constraint or complaint

Figueroa Sánchez, Camila 09 1900 (has links)
Tesis para optar al grado de Magíster en Economía / Autor no autoriza el acceso a texto completo de su documento / Access to external finance is usually remarked as a salient obstacle for entrepreneurs and SMEs, although in theory other non-financial constraints could be more binding. We contribute to this debate exploiting the idea that if external finance is more constrained for some firms, then they should be using more heavily their internal funds, everything else constant, with a higher share of reinvested earnings. Using multi-country firm surveys of developing nations we outline two stylized facts. First, entrepreneurs reinvest a larger share of their earnings. Firms younger than 5 years old have a share of reinvested profits 25% larger than that for older firms. Second, although the reinvestment of internal funds is significantly higher for groups that have restricted access to credit (loans rejected or could not apply), we do not find statistical significance for groups that self-report finance as their “most binding constraint”. These findings suggest that one should not equate firm complains to binding constraints or, alternatively, that indivisibility generate W-shaped cost curves and scale-up challenges, where investing $1K has low return even if investing $10M could have a high return.
2

Análisis de la iniciativa empresarial de la pequeña empresa: incorporación del enfoque estratégico al proceso de creación

Llopis Vañó, Francisco 07 July 2000 (has links)
No description available.
3

Análisis de los resultados de las empresas de nueva creación [ENC] en la provincia de Alicante: influencia del entrepreneur, la estrategia empresarial y el sector de actividad

García-Lillo, Francisco 04 July 2001 (has links)
No description available.

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