The Relaxation of Financing Constraints by the Initial Public Offering of Small Manufacturing Firms

Small Business Economics

Volumn 12, Issue 3, 1999, Pages 191-202

  Kim, Juseong ^a  

^a Electronics and Telecommunications Research Institute (ETRI)   (South Korea)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0042078168     PISSN: 0921898X     EISSN: None     Source Type: Journal    
DOI: 10.1023/A:1008090609649     Document Type: Article

References (21)

1. Baltagi, B. H., 1995, Econometric Analysis of Panel Data, 1st ed., John Wiley and Sons.
2. Blinder, A. S., 1988, 'Financing Constraints and Corporate Investment, Comment and Discussion', Brookings Papers on Economic Activity 1, 196-200.
3. Blundell, R., S. Bond, M. Devereux and F. Schiantarelli, 1992, 'Investment and Tobin q', Journal of Econometrics 51, 233-257.
4. Carpenter, R. E., 1994, 'Finance Constraints or Free Cash Flow? The Impact of Asymmetric Information on Investment', Emory University Working Paper.
5. Devereux, M. and F. Schiantarelli, 1989, 'Investment, Financial Factors and Cash Flow: Evidence from U.K. Panel Data', NBER Working Paper No. 3116.
6. Faroque, A. and T. Ton-That, 1995, 'Financing Constraintsand Firm Heterogeneity in Investment Behavior: An Application of Non-Nested Tests', Applied Economics 27, 317-326.
7. Fazzari, S. M. and M. Athey, 1987, 'Asymmetric Information, Financing Constraints, and Investment', Review of Economics and Statistics, 481-487.
8. Fazzari, S. M., R. G. Hubbard and B. C. Petersen, 1988, 'Financing Constraints and Corporate Investment', Brookings Papers on Economic Activity 1, 141-195.
9. Fazzari, S. M. and B. C. Petersen, 1993, 'Working Capital and Fixed Investment: New Evidence on Financing Constraints', RAND Journal of Economics (Autumn), 328-342.
10. Hoshi, T., A. K. Kashyap and D. Scharfstein, 1991, 'Corporate Structure, Liquidity, and Investment: Evidence from Japanese Industrial Groups', The Quarterly Journal of Economics, 33-60.
11. Kaplan, S. N. and L. Zingales, 1997, 'Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?', The Quarterly Journal of Economics 112, 169-215.
12. Korea Investors Service Inc., KIS-LINE User's Manual, 1994.
13. Maddala, G. S., 1993, The Econometrics of the Panel Data Vol. I, II, Edward Elgar Publishing Co.
14. Matyas, L. and P. Sevestre (eds.), 1992, The Economertics of Panel Data - Handbook of Theory and Applications, Kluwer Academic Publishers.
15. Modigliani, F. and M. H. Miller, 1958, 'The Cost of Capital, Corporation Finance, and the Theory of Investment', American Economic Review 48, 261-296.
16. Mills, K., S. Morling and W. Tease, 1995, 'The Influence of Financial Factors on Corporate Investment', The Austrian Economic Review (2nd quarter), 50-64.
17. Myers, S. C. and N. S. Majluf, 1984, 'Corporate Financing and Investment Decisions When Firms Have Information that Investors Do Not', The Journal of Finance, 187-221.
18. Pagano, M, F. Panetta and L. Zingales, 1995, 'Why Do Companies Go Public? An Empirical Analysis', NBER Working Paper #5367.
19. Schaller, H., 1993, 'Asymmetric Information, Liquidity Constraints, and Canadian Investment', Canadian Journal of Economics (August), 552-574.
20. Stiglitz, J. E. and A. Weiss, 1981, 'Credit Rationing in Markets with Imperfection', American Economic Review 71, 393-410.
21. Whited, T. M., 1992, 'Debt, Liquidity Constraints, and Corporate Investment: Evidence from Panel Data', The Journal of Finance (September), 1425-1460.