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This study investigates the impact of foreign bank penetration in Central and Eastern Europe on firm entry. We demonstrate that the acquisition of domestic banks by foreign investors has led to reduced firm creation, smaller average size of entrants and increased firm exit in opaque industries...
Persistent link: https://www.econbiz.de/10010783951
significantly increase entry into entrepreneurship, thereby providing evidence of financial constraints. We then develop a simple … currently received. We interpret these findings as evidence that the program has been effective in promoting micro-entrepreneurship …
Persistent link: https://www.econbiz.de/10010738986
This study investigates the impact of foreign bank penetration in Central and Eastern Europe on firm entry. We demonstrate that the acquisition of domestic banks by foreign investors has led to reduced firm creation, smaller average size of entrants and increased firm exit in opaque industries...
Persistent link: https://www.econbiz.de/10010661281