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Financial Constraints on Firm Growth: The Role of Firm Age in the ASEAN–6

dc.contributor.authorLing Ng, Yee
dc.contributor.authorTheng Lau, Wei
dc.contributor.authorNi Soh, Wei
dc.contributor.authorAb Razak, Nazrul Hisyam
dc.date.accessioned2024-03-28T10:12:34Z
dc.date.available2024-03-28T10:12:34Z
dc.date.issued2024-03-28
dc.identifier.issn1508-2008
dc.identifier.urihttp://hdl.handle.net/11089/51187
dc.description.abstractThe 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.en
dc.description.abstractW artykule oceniono wpływ wieku firmy na relację między ograniczeniami finansowymi, mierzonymi wskaźnikami KZ i WW, a trzema alternatywnymi miarami wzrostu firm (wzrost aktywów, ROA i ROE) w regionie ASEAN–6. W niniejszym badaniu wykorzystano próbę obejmującą firmy notowane na giełdzie regionu ASEAN–6 w latach 2009–2019 przy użyciu metody efektów stałych (Fixed Effects) i systemowej uogólnionej metody momentów (System GMM). Stwierdzono, że wiek firmy łącznie z ograniczeniami finansowymi wpływa pozytywnie na rozwój firmy. Negatywny wpływ ograniczeń finansowych na wzrost firm jest mniej dotkliwy w przypadku firm starszych.pl
dc.language.isoen
dc.publisherWydawnictwo Uniwersytetu Łódzkiegopl
dc.relation.ispartofseriesComparative Economic Research. Central and Eastern Europe;1pl
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0
dc.subjectfinancial constrainten
dc.subjectFixed Effect Modelen
dc.subjectSystem GMM modelen
dc.subjectASEANen
dc.subjectKZ indexen
dc.subjectWW indexen
dc.subjectfirm growthen
dc.subjectograniczenia finansowepl
dc.subjectmetoda efektów stałychpl
dc.subjectsystemowa uogólniona metoda momentówpl
dc.subjectASEANpl
dc.subjectwskaźnik KZpl
dc.subjectwskaźnik WWpl
dc.subjectwzrost firmypl
dc.titleFinancial Constraints on Firm Growth: The Role of Firm Age in the ASEAN–6en
dc.title.alternativeOgraniczenia finansowe rozwoju firmy: rola wieku firmy w krajach ASEAN–6pl
dc.typeArticle
dc.page.number93-111
dc.contributor.authorAffiliationLing Ng, Yee - Universiti Putra Malaysia, School of Business and Economics, Selangor, Malaysiaen
dc.contributor.authorAffiliationTheng Lau, Wei - Universiti Putra Malaysia, School of Business and Economics, Selangor, Malaysiaen
dc.contributor.authorAffiliationNi Soh, Wei - Universiti Putra Malaysia, School of Business and Economics, Selangor, Malaysiaen
dc.contributor.authorAffiliationAb Razak, Nazrul Hisyam - Universiti Putra Malaysia, School of Business and Economics, Selangor, Malaysiaen
dc.identifier.eissn2082-6737
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dc.contributor.authorEmailLing Ng, Yee - gs56863@student.upm.edu.my
dc.contributor.authorEmailTheng Lau, Wei - lwtheng@upm.edu.my
dc.contributor.authorEmailNi Soh, Wei - sohweini@upm.edu.my
dc.contributor.authorEmailAb Razak, Nazrul Hisyam - nazrul@upm.edu.my
dc.identifier.doi10.18778/1508-2008.27.05
dc.relation.volume27


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