{"id":"https://openalex.org/W2343979593","doi":null,"title":"The Financing Constraints Hypothesis and Inventory Investment Decisions of Firms","display_name":"The Financing Constraints Hypothesis and Inventory Investment Decisions of Firms","publication_year":2011,"publication_date":"2011-12-01","ids":{"openalex":"https://openalex.org/W2343979593","mag":"2343979593"},"language":"en","primary_location":{"id":"pmh:oai:repositorium.sdum.uminho.pt:1822/17960","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/1822/17960","pdf_url":"http://hdl.handle.net/1822/17960","source":{"id":"https://openalex.org/S4306402433","display_name":"Portuguese National Funding Agency for Science, Research and Technology (RCAAP Project by FCT)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"conference paper"},"volume":null,"type":"conference-paper","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://hdl.handle.net/1822/17960","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5051178001","display_name":"Jorge Cunha","orcid":"https://orcid.org/0000-0002-6267-708X","observed_orcids":["https://orcid.org/0000-0002-6267-708X"]},"institutions":[{"id":"https://openalex.org/I99682543","display_name":"University of Minho","ror":"https://ror.org/037wpkx04","country_code":"PT","type":"education","lineage":["https://openalex.org/I99682543"]}],"countries":["PT"],"is_corresponding":false,"raw_author_name":"Jorge Cunha","raw_affiliation_strings":["Univ. of Minho"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Univ. of Minho","institution_ids":["https://openalex.org/I99682543"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5069046952","display_name":"Ant\u00f3nio Paisana","orcid":"https://orcid.org/0000-0002-8596-4911","observed_orcids":["https://orcid.org/0000-0002-8596-4911"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Ant\u00f3nio Paisana","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-8596-4911","affiliations":[]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":true,"cited_by_count":1,"citation_normalized_percentile":{"value":0.0,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":93},"biblio":{"volume":"10","issue":"12","first_page":"47","last_page":"60"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.8637999892234802,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.8637999892234802,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12544","display_name":"Working Capital and Financial Performance","score":0.08969999849796295,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.012799999676644802,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/financial-constraints","display_name":"financial constraints","score":0.9570000171661377},{"id":"https://openalex.org/keywords/inventory-investment","display_name":"inventory investment","score":0.996999979019165},{"id":"https://openalex.org/keywords/corporate-investment-decisions","display_name":"corporate investment decisions","score":0.6859999895095825},{"id":"https://openalex.org/keywords/interest-coverage-ratio","display_name":"interest coverage ratio","score":0.9980000257492065},{"id":"https://openalex.org/keywords/business-risk","display_name":"business risk","score":0.9929999709129333},{"id":"https://openalex.org/keywords/balance-sheet-channel","display_name":"balance sheet channel","score":0.8650000095367432},{"id":"https://openalex.org/keywords/monetary-policy-transmission","display_name":"monetary policy transmission","score":0.972000002861023},{"id":"https://openalex.org/keywords/business-cycles","display_name":"business cycles","score":0.7609999775886536},{"id":"https://openalex.org/keywords/manufacturing-firms","display_name":"manufacturing companies","score":0.7020000219345093},{"id":"https://openalex.org/keywords/portugal","display_name":"Portugal","score":0.492000013589859}],"concepts":[{"id":"https://openalex.org/C2775938767","wikidata":"https://www.wikidata.org/wiki/Q6059923","display_name":"Inventory investment","level":2,"score":0.7544987201690674},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.6275197267532349},{"id":"https://openalex.org/C47702881","wikidata":"https://www.wikidata.org/wiki/Q1303118","display_name":"Internal financing","level":3,"score":0.6180872917175293},{"id":"https://openalex.org/C2780148112","wikidata":"https://www.wikidata.org/wiki/Q1432581","display_name":"Proxy (statistics)","level":2,"score":0.5772894024848938},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5463460683822632},{"id":"https://openalex.org/C183206440","wikidata":"https://www.wikidata.org/wiki/Q46834","display_name":"Balance sheet","level":2,"score":0.5297456979751587},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.5278109312057495},{"id":"https://openalex.org/C2778865806","wikidata":"https://www.wikidata.org/wiki/Q6060850","display_name":"Investment decisions","level":3,"score":0.49871087074279785},{"id":"https://openalex.org/C198082294","wikidata":"https://www.wikidata.org/wiki/Q3399648","display_name":"Position (finance)","level":2,"score":0.4807681739330292},{"id":"https://openalex.org/C198531522","wikidata":"https://www.wikidata.org/wiki/Q485146","display_name":"Sample (material)","level":2,"score":0.4479493796825409},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.37215059995651245},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.19018453359603882},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.08716663718223572},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C43617362","wikidata":"https://www.wikidata.org/wiki/Q170050","display_name":"Chromatography","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C109574028","wikidata":"https://www.wikidata.org/wiki/Q647525","display_name":"Behavioral economics","level":2,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"pmh:oai:repositorium.sdum.uminho.pt:1822/17960","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/1822/17960","pdf_url":"http://hdl.handle.net/1822/17960","source":{"id":"https://openalex.org/S4306402433","display_name":"Portuguese National Funding Agency for Science, Research and Technology (RCAAP Project by FCT)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"conference paper"},{"id":"pmh:oai:repositorium.uminho.pt:1822/17960","doi":null,"is_oa":true,"landing_page_url":"https://hdl.handle.net/1822/17960","pdf_url":null,"source":{"id":"https://openalex.org/S4306402433","display_name":"Portuguese National Funding Agency for Science, Research and Technology (RCAAP Project by FCT)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"conference paper"},{"id":"mag:2343979593","doi":null,"is_oa":false,"landing_page_url":"http://repositorium.sdum.uminho.pt/bitstream/1822/17960/1/cunha_paisana_ICABE.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S4306557023","display_name":"\u7f8e\u4e2d\u7ecf\u6d4e\u8bc4\u8bba\uff1a\u82f1\u6587\u7248","issn_l":"1537-1514","issn":["1537-1514"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["anvur-scientific"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"China-USA Business Review","raw_type":null}],"best_oa_location":{"id":"pmh:oai:repositorium.sdum.uminho.pt:1822/17960","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/1822/17960","pdf_url":"http://hdl.handle.net/1822/17960","source":{"id":"https://openalex.org/S4306402433","display_name":"Portuguese National Funding Agency for Science, Research and Technology (RCAAP Project by FCT)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"conference paper"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","score":0.6452000141143799,"display_name":"Decent work and economic growth"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2343979593.pdf","grobid_xml":"https://content.openalex.org/works/W2343979593.grobid-xml"},"referenced_works_count":35,"referenced_works":["https://openalex.org/W33063340","https://openalex.org/W1502900303","https://openalex.org/W1546523058","https://openalex.org/W1579811405","https://openalex.org/W1965254863","https://openalex.org/W1967870684","https://openalex.org/W1970899344","https://openalex.org/W1972730654","https://openalex.org/W1978282661","https://openalex.org/W1985131171","https://openalex.org/W1986989899","https://openalex.org/W2005791247","https://openalex.org/W2018571914","https://openalex.org/W2023548612","https://openalex.org/W2025610165","https://openalex.org/W2033577290","https://openalex.org/W2040920308","https://openalex.org/W2078540448","https://openalex.org/W2090297373","https://openalex.org/W2091549047","https://openalex.org/W2094719428","https://openalex.org/W2118243322","https://openalex.org/W2125099665","https://openalex.org/W2164003515","https://openalex.org/W2170790204","https://openalex.org/W2172399901","https://openalex.org/W2176723585","https://openalex.org/W2341795385","https://openalex.org/W2752617332","https://openalex.org/W3121342392","https://openalex.org/W3121935849","https://openalex.org/W3122783033","https://openalex.org/W3123099920","https://openalex.org/W3124114405","https://openalex.org/W3142816439"],"related_works":["https://openalex.org/W2164003515","https://openalex.org/W65701983","https://openalex.org/W2040920308","https://openalex.org/W2164194437","https://openalex.org/W1527203011","https://openalex.org/W2005791247","https://openalex.org/W7097065488","https://openalex.org/W7096907769","https://openalex.org/W2077826351","https://openalex.org/W1488250955"],"abstract_inverted_index":{"In":[0,153],"the":[1,13,24,42,68,88,110,133,138,140,148,160,175,193,201],"last":[2],"two":[3],"decades":[4],"there":[5],"was":[6],"an":[7,165],"increasing":[8],"interest":[9,111],"of":[10,15,21,44,51,78,93,142,150,162,195],"researchers":[11],"on":[12,18,32,47,63,72,177],"impact":[14],"financing":[16,45,69,96,151],"constraints":[17,46,70],"investment":[19,34,49],"expenses":[20],"firms.":[22,81],"However,":[23],"vast":[25],"empirical":[26],"literature":[27,134,176],"that":[28,90,100,167,187],"followed":[29],"focused,":[30],"mainly,":[31],"fixed":[33],"and":[35,124,211,214,216],"less":[36],"attention":[37],"has":[38],"been":[39],"given":[40],"to":[41,59,86,132,185],"effect":[43,141],"inventory":[48,73],"decisions":[50],"firms":[52,94],"(Hubbard,":[53],"1998).":[54],"The":[55,82],"present":[56],"paper":[57,189],"aims":[58],"shed":[60],"some":[61,91],"light":[62],"this":[64,128,163,188],"relationship":[65],"by":[66,109,119,135,209],"testing":[67],"hypothesis":[71,89,149],"investment,":[74],"for":[75,204],"a":[76,102,196],"sample":[77],"Portuguese":[79],"manufacturing":[80],"findings":[83,115,161],"obtained":[84],"appear":[85],"support":[87],"types":[92],"face":[95],"constraints,":[97],"especially":[98],"those":[99],"show":[101],"weak":[103],"balance":[104],"sheet":[105,198],"position":[106],"(as":[107],"measured":[108],"coverage":[112],"ratio).":[113],"These":[114],"complement":[116],"previous":[117],"work":[118],"Carpenter":[120],"et":[121],"al.":[122],"(1998,1994)":[123],"Guariglia":[125],"(1999).":[126],"Moreover,":[127],"paper,":[129,164],"also,":[130],"contributes":[131],"including":[136],"in":[137,145,200],"analysis":[139],"business":[143,178],"risk":[144],"conjunction":[146],"with":[147,174],"constraints.":[152],"what":[154],"concerns":[155],"policy":[156],"implications":[157],"derived":[158],"from":[159],"issue":[166],"can":[168],"be":[169],"highlighted":[170],"is":[171,183],"its":[172],"relation":[173],"cycle":[179],"fluctuations.":[180],"Indeed,":[181],"it":[182],"possible":[184],"say":[186],"adds":[190],"evidence":[191],"about":[192],"existence":[194],"\u201cbalance":[197],"channel\u201d":[199],"transmission":[202],"mechanism":[203],"monetary":[205],"policy,":[206],"as":[207],"suggested":[208],"Gertler":[210,217],"Gilchrist":[212],"(1994)":[213],"Bernanke":[215],"(1995).":[218]},"counts_by_year":[{"year":2016,"cited_by_count":1}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2016-06-24T00:00:00"}
