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Short-term financial constraints and SMEs’ investment decision: evidence from the working capital channel
This paper investigates the real effect of short-term financial constraints on small and medium-sized enterprises (SMEs). Under the working capital channel, cash credit constraints force entrepreneurs to forgo investment opportunities in order to finance their working capital needs. Building on surv...
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
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Springer US
2021
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| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8096609/ http://dx.doi.org/10.1007/s11187-021-00488-3 |