Financial Constraints on Firm Growth: The Role of Firm Age in the ASEAN–6
The paper assesses the moderating role of firm age in the relationship between financial constraints, as measured by the KZ index, and the WW index on three alternative measures of firm growth (Asset growth, ROA, and ROE) in the ASEAN–6 region. This study employs a sample of ASEAN–6 listed firms ove...
Gespeichert in:
| Veröffentlicht in: | Comparative economic research. Central and Eastern Europe 2024, Vol.27 (1), p.91-111 |
|---|---|
| Hauptverfasser: | , , , |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 111 |
|---|---|
| container_issue | 1 |
| container_start_page | 91 |
| container_title | Comparative economic research. Central and Eastern Europe |
| container_volume | 27 |
| creator | Ng, Yee Ling Lau, Wei Theng Soh, Wei Ni Razak, Nazrul Hisyam Ab |
| description | The paper assesses the moderating role of firm age in the relationship between financial constraints, as measured by the KZ index, and the WW index on three alternative measures of firm growth (Asset growth, ROA, and ROE) in the ASEAN–6 region. This study employs a sample of ASEAN–6 listed firms over the period 2009–2019 using Fixed Effects and the System GMM model. Firm age is found to interact positively with financial constraints in their effects on firm growth. The negative impact of financial constraints on firm growth is less severe with older age firms. |
| format | Article |
| fullrecord | <record><control><sourceid>ceeol</sourceid><recordid>TN_cdi_ceeol_journals_1231985</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><ceeol_id>1231985</ceeol_id><sourcerecordid>1231985</sourcerecordid><originalsourceid>FETCH-ceeol_journals_12319853</originalsourceid><addsrcrecordid>eNpjYuA0MrAw0jUzNzZnYeA0NDWw0DUyMLDgYOAqLs4yMDCzMDYy5GTwdsvMS8xLzkzMUXDOzysuKUrMzCspVsjPU3DLLMpVcC_KLy_JsFIIyUhVCMrPSVXIT4NIOKanKmTmKZQAxR2DXR39HjVMNuNhYE1LzClO5YXS3Ayybq4hzh66yamp-TnxWfmlRXlA8XhDI2NDSwtTY0LyAHZoOLI</addsrcrecordid><sourcetype>Publisher</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype></control><display><type>article</type><title>Financial Constraints on Firm Growth: The Role of Firm Age in the ASEAN–6</title><source>DOAJ Directory of Open Access Journals</source><source>Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals</source><source>Business Source Complete</source><creator>Ng, Yee Ling ; Lau, Wei Theng ; Soh, Wei Ni ; Razak, Nazrul Hisyam Ab</creator><creatorcontrib>Ng, Yee Ling ; Lau, Wei Theng ; Soh, Wei Ni ; Razak, Nazrul Hisyam Ab</creatorcontrib><description>The paper assesses the moderating role of firm age in the relationship between financial constraints, as measured by the KZ index, and the WW index on three alternative measures of firm growth (Asset growth, ROA, and ROE) in the ASEAN–6 region. This study employs a sample of ASEAN–6 listed firms over the period 2009–2019 using Fixed Effects and the System GMM model. Firm age is found to interact positively with financial constraints in their effects on firm growth. The negative impact of financial constraints on firm growth is less severe with older age firms.</description><identifier>ISSN: 1508-2008</identifier><identifier>EISSN: 2082-6737</identifier><language>eng</language><publisher>Wydawnictwo Uniwersytetu Łódzkiego</publisher><subject>Economy ; Socio-Economic Research ; Supranational / Global Economy</subject><ispartof>Comparative economic research. Central and Eastern Europe, 2024, Vol.27 (1), p.91-111</ispartof><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Uhttps://www.ceeol.com//api/image/getissuecoverimage?id=picture_2024_81427.jpg</thumbnail><link.rule.ids>314,780,784,4024</link.rule.ids></links><search><creatorcontrib>Ng, Yee Ling</creatorcontrib><creatorcontrib>Lau, Wei Theng</creatorcontrib><creatorcontrib>Soh, Wei Ni</creatorcontrib><creatorcontrib>Razak, Nazrul Hisyam Ab</creatorcontrib><title>Financial Constraints on Firm Growth: The Role of Firm Age in the ASEAN–6</title><title>Comparative economic research. Central and Eastern Europe</title><addtitle>Comparative Economic Research Central and Eastern Europe</addtitle><description>The paper assesses the moderating role of firm age in the relationship between financial constraints, as measured by the KZ index, and the WW index on three alternative measures of firm growth (Asset growth, ROA, and ROE) in the ASEAN–6 region. This study employs a sample of ASEAN–6 listed firms over the period 2009–2019 using Fixed Effects and the System GMM model. Firm age is found to interact positively with financial constraints in their effects on firm growth. The negative impact of financial constraints on firm growth is less severe with older age firms.</description><subject>Economy</subject><subject>Socio-Economic Research</subject><subject>Supranational / Global Economy</subject><issn>1508-2008</issn><issn>2082-6737</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2024</creationdate><recordtype>article</recordtype><sourceid>REL</sourceid><recordid>eNpjYuA0MrAw0jUzNzZnYeA0NDWw0DUyMLDgYOAqLs4yMDCzMDYy5GTwdsvMS8xLzkzMUXDOzysuKUrMzCspVsjPU3DLLMpVcC_KLy_JsFIIyUhVCMrPSVXIT4NIOKanKmTmKZQAxR2DXR39HjVMNuNhYE1LzClO5YXS3Ayybq4hzh66yamp-TnxWfmlRXlA8XhDI2NDSwtTY0LyAHZoOLI</recordid><startdate>2024</startdate><enddate>2024</enddate><creator>Ng, Yee Ling</creator><creator>Lau, Wei Theng</creator><creator>Soh, Wei Ni</creator><creator>Razak, Nazrul Hisyam Ab</creator><general>Wydawnictwo Uniwersytetu Łódzkiego</general><general>Lodz University Press</general><scope>AE2</scope><scope>BIXPP</scope><scope>REL</scope></search><sort><creationdate>2024</creationdate><title>Financial Constraints on Firm Growth: The Role of Firm Age in the ASEAN–6</title><author>Ng, Yee Ling ; Lau, Wei Theng ; Soh, Wei Ni ; Razak, Nazrul Hisyam Ab</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-ceeol_journals_12319853</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2024</creationdate><topic>Economy</topic><topic>Socio-Economic Research</topic><topic>Supranational / Global Economy</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Ng, Yee Ling</creatorcontrib><creatorcontrib>Lau, Wei Theng</creatorcontrib><creatorcontrib>Soh, Wei Ni</creatorcontrib><creatorcontrib>Razak, Nazrul Hisyam Ab</creatorcontrib><collection>Central and Eastern European Online Library (C.E.E.O.L.) (DFG Nationallizenzen)</collection><collection>CEEOL: Open Access</collection><collection>Central and Eastern European Online Library</collection><jtitle>Comparative economic research. Central and Eastern Europe</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Ng, Yee Ling</au><au>Lau, Wei Theng</au><au>Soh, Wei Ni</au><au>Razak, Nazrul Hisyam Ab</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Financial Constraints on Firm Growth: The Role of Firm Age in the ASEAN–6</atitle><jtitle>Comparative economic research. Central and Eastern Europe</jtitle><addtitle>Comparative Economic Research Central and Eastern Europe</addtitle><date>2024</date><risdate>2024</risdate><volume>27</volume><issue>1</issue><spage>91</spage><epage>111</epage><pages>91-111</pages><issn>1508-2008</issn><eissn>2082-6737</eissn><abstract>The paper assesses the moderating role of firm age in the relationship between financial constraints, as measured by the KZ index, and the WW index on three alternative measures of firm growth (Asset growth, ROA, and ROE) in the ASEAN–6 region. This study employs a sample of ASEAN–6 listed firms over the period 2009–2019 using Fixed Effects and the System GMM model. Firm age is found to interact positively with financial constraints in their effects on firm growth. The negative impact of financial constraints on firm growth is less severe with older age firms.</abstract><pub>Wydawnictwo Uniwersytetu Łódzkiego</pub><tpages>19</tpages><oa>free_for_read</oa></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 1508-2008 |
| ispartof | Comparative economic research. Central and Eastern Europe, 2024, Vol.27 (1), p.91-111 |
| issn | 1508-2008 2082-6737 |
| language | eng |
| recordid | cdi_ceeol_journals_1231985 |
| source | DOAJ Directory of Open Access Journals; Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals; Business Source Complete |
| subjects | Economy Socio-Economic Research Supranational / Global Economy |
| title | Financial Constraints on Firm Growth: The Role of Firm Age in the ASEAN–6 |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-05T10%3A39%3A00IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-ceeol&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Financial%20Constraints%20on%20Firm%20Growth:%20The%20Role%20of%20Firm%20Age%20in%20the%20ASEAN%E2%80%936&rft.jtitle=Comparative%20economic%20research.%20Central%20and%20Eastern%20Europe&rft.au=Ng,%20Yee%20Ling&rft.date=2024&rft.volume=27&rft.issue=1&rft.spage=91&rft.epage=111&rft.pages=91-111&rft.issn=1508-2008&rft.eissn=2082-6737&rft_id=info:doi/&rft_dat=%3Cceeol%3E1231985%3C/ceeol%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_id=info:pmid/&rft_ceeol_id=1231985&rfr_iscdi=true |