000148061 001__ 148061
000148061 005__ 20250110163829.0
000148061 0247_ $$2doi$$a10.5605/IEB.17.2
000148061 0248_ $$2sideral$$a141512
000148061 037__ $$aART-2018-141512
000148061 041__ $$aeng
000148061 100__ $$aMaté Sánchez de Val, Mari Luz
000148061 245__ $$aGeographical proximity, nonlinearities and financial behaviour of firms. Does firm size matter?
000148061 260__ $$c2018
000148061 5060_ $$aAccess copy available to the general public$$fUnrestricted
000148061 5203_ $$aThe paper highlights the role played by nonlinearities and geographical proximity in an attempt to better understand the financial behaviour of firms. Our study focuses on three main financial dimensions: profitability, indebtedness and liquidity. A classical partial adjustment model is specified in order to capture the movements produced in each dimension. Using a large sample of Spanish industrial companies, located along the Mediterranean Basin, we evaluate the impact of nonlinearities, the heterogeneous behaviour of companies, and the importance of local networks. The impact of physical proximity is greater for small firms, which are more dependent on what happens in their neighbourhood. Moreover, the impacts are not homogeneous for the three financial ratios: we find that the effect of proximity is stronger for the
profitability ratio than for indebtedness and liquidity.
000148061 540__ $$9info:eu-repo/semantics/openAccess$$aAll rights reserved$$uhttp://www.europeana.eu/rights/rr-f/
000148061 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/publishedVersion
000148061 700__ $$aLópez Hernández, Fernando A.
000148061 700__ $$0(orcid)0000-0002-7384-9166$$aMur Lacambra, Jesús Domingo$$uUniversidad de Zaragoza
000148061 700__ $$0(orcid)0000-0001-5983-6804$$aAtwi Saab, Majed$$uUniversidad de Zaragoza
000148061 7102_ $$14000$$2415$$aUniversidad de Zaragoza$$bDpto. Análisis Económico$$cÁrea Fund. Análisis Económico
000148061 773__ $$g17 (2018), 26-53$$pAestimatio (Madr.)$$tAestimatio (Madrid)$$x2173-0164
000148061 8564_ $$s3526841$$uhttps://zaguan.unizar.es/record/148061/files/texto_completo.pdf$$yVersión publicada
000148061 8564_ $$s1301933$$uhttps://zaguan.unizar.es/record/148061/files/texto_completo.jpg?subformat=icon$$xicon$$yVersión publicada
000148061 909CO $$ooai:zaguan.unizar.es:148061$$particulos$$pdriver
000148061 951__ $$a2025-01-10-14:26:03
000148061 980__ $$aARTICLE