Beck, Thorsten; Demirguc-Kunt, Asli; Maksimovic, Vojislav - 2013
financial, legal, and corruption issues that firms report as constraints, actually affect their growth rates. The results show … that the extent to which these factors constrain a firm's growth depends very much on its size, and that it is consistently … the smallest firms that are most adversely affected by all these constraints. Firm growth is more affected by reported …