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Beck, Thorsten - 2004

system by using firm-level survey data on the obstacles that firms face in raising external finance. The paper assesses two … system is more important for explaining the obstacles that firms face in accessing external finance than the political …

Persistent link: https://www.econbiz.de/10010523108

Law and Firms' Access to Finance

Beck, Thorsten - 2004

Persistent link: https://www.econbiz.de/10012468004

Law and Finance c. 1900

Musacchio, Aldo - 2010

How persistent are the effects of legal institutions adopted or inherited in the distant past? A substantial literature argues that legal origins have persistent effects that explain clear differences in investor protections and financial development around the world today (La Porta et al, 1998,...

Persistent link: https://www.econbiz.de/10012462439

Law and Finance

Porta, Rafael La - 1996

This paper examines legal rules covering protection of corporate shareholders and creditors, the origin of these rules, and the quality of their enforcement in 49 countries. The results show that common law countries generally have the best, and French civil law countries the worst, legal...

Persistent link: https://www.econbiz.de/10012473181

Access to Finance for Smallholder Farmers

International Finance Corporation - 2014

The percentage of smallholders with access to finance is equally difficult to quantify. According to estimates, even … promising approaches to expanding smallholder lending, such as value chain finance, are reaching fewer than 10 percent of … smallholders, primarily those in well-established value chains dedicated to higher value cash crops. International Finance …

Persistent link: https://www.econbiz.de/10012564432

Micro, Small, and Medium Enterprise Finance : Improving Access to Finance for Women-Owned Business in India

International Finance Corporation - 2017

limited. IFC's work in this area aims to (a) build awareness about opportunities in access to finance for women … report aims to assess the gap in demand and supply of finance, highlight the opportunity in serving women entrepreneurs, and … catalogue initiatives taken by financial institutions in access to finance for women-owned businesses in India. The report …

Persistent link: https://www.econbiz.de/10012248215

Financing as a Supply Chain : The Capital Structure of Banks and Borrowers

Gornall, William - 2013

We develop a model of the joint capital structure decisions of banks and their borrowers. Strikingly high bank leverage emerges naturally from the interplay between two sets of forces. First, seniority and diversification reduce bank asset volatility by an order of magnitude relative to that of...

Persistent link: https://www.econbiz.de/10012459028

Financiers vs. Engineers : Should the Financial Sector be Taxed or Subsidized?

Philippon, Thomas - 2007

I study the allocation of human capital in an economy with production externalities, financial constraints and career choices. Agents choose to become entrepreneurs, workers or financiers. Entrepreneurship has positive externalities, but innovators face borrowing constraints and require the...

Persistent link: https://www.econbiz.de/10012465087

Bank Size and Lending Relationships in Japan

Uchida, Hirofumi - 2007

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...

Persistent link: https://www.econbiz.de/10012465650

Eclipse of the Public Corporation or Eclipse of the Public Markets?

Doidge, Craig - 2018

Since reaching a peak in 1997, the number of listed firms in the U.S. has fallen in every year but one. During this same period, public firms have been net purchasers of $3.6 trillion of equity (in 2015 dollars) rather than net issuers. The propensity to be listed is lower across all firm size...

Persistent link: https://www.econbiz.de/10012453449