This paper explores the dynamics in strategic alliances between small and medium sized enterprises (SMEs) and large organisations (corporates). Despite the volumes written on this subject, few studies take into account this context of interorganisational relationships. The dynamics in strategic...

Current theoretical and empirical research suggests that small banks have a comparative advantage in processing soft information and delivering relationship lending. The most comprehensive analysis of this view found using U.S. data that smaller SMEs borrow from smaller banks and smaller banks...

In this paper we analyze changes in the export mix of Chilean firms, looking particularly at differences between large firms and SMEs. To do that, we use detailed information of exported products by firms during the period 1995-2005. Our econometric results, which look at the impact of export...

This article in the Economic Insights series looks at the relationship between firm size and financial performance. It highlights the results from the research paper Firm Dynamics: Variation in Profitability Across Canadian Firms of Different Sizes, 2000 to 2009. The research paper uses a...

This article in the Economic Insights series looks at the relationship between firm size and employment growth rates. It is based on the working paper Firm Dynamics: Employment Growth Rates of Small Versus Large Firms in Canada, which is the result of a joint research effort by Statistics Canada...

This paper investigates the value of protective abandon put option from the equity holder's perspective of a large and a small company. Motivation for this topic arises from the perception that certain market imperfections related to corporate and personal taxes tend to favor a large firm and...

Gertler and Gilchrist (1994) provide evidence for the prevailing view that adverse shocks are propagated via credit constraints of small firms. We revisit the behavior of small versus large firms during the episodes of credit disruption and recessions in the sample extended to cover the 2007-09...

This report consists of two parts. The first part is a research note describing a comprehensive analysis of the realized return differential between small and large firms (i.e., the "size premium") in a sample of European stocks during the period between 1990 and 2018. This study establishes...