... facing greater financing constraints, thus verifying the financing constraints hypothesis. The positive effect is also stronger in firms with lower risk-taking levels, thus confirming the innovation failure tolerance hypothesis. Further analysis suggests that SATI increases both corporate innovation...

... that credit ratings alleviate financing constraints. Second, high-rated enterprises are more cautious toward M&As due to concerns about preserving their ratings, which indicates that credit ratings also play a supervisory role in the M&A process. Additional tests show that enterprises reduce M...

... management based on vendor relationship from the two aspects of alleviating financing constraints and improving enterprises’ sustained growth capability. Findings Working capital management based on vendor relationships has a more significant “timely help” effect on weak companies, which was proved...

... Publishing Limited Licensed re-use rights only Consistent with our predictions, we document several key findings. First, we find that FNFI disclosed by firms rated A (excellent) or B (good) reduces the corporate financing constraints to a larger extent than firms rated low. Second, FNFI disclosed...

...Dongping Han; Peng Zhang Purpose – This paper aims to analyze the different impacts of monetary policy on the financing constraints of diverse enterprises from China by introducing the concepts of external and internal management factors, and on the investment efficiency of these enterprises...