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market power effects. The special nature of credit markets suggests that indirect informational effects for borrowers may be … credit availability because soft information gets lost if their lenders are involved in a merger. In this study we … investigate the full effect of bank mergers on the availability of credit for corporate borrowers by examining a large sample of …
Persistent link: https://www.econbiz.de/10005609374
This paper asks whether and why advanced countries differ in their ability to export to China and India. We exploit a newly collected, comparable cross-country survey of 15,000 European manufacturing firms (EFIGE). The dataset contains information on firms� international activities and...
Persistent link: https://www.econbiz.de/10009654302
The economic performance of a country depends, among other things, on the strategies and structures of its firms. In the framework that is designed by institutions and policies and determined by technology and macroeconomic cycles, entrepreneurs decide how to allocate available resources in...
Persistent link: https://www.econbiz.de/10009364468
We empirically characterize the sectoral distribution of firm size for a set of European countries, finding substantial differences. We then study the relationship between productivity growth at the sectoral level and size structure. We find a positive and robust association between average firm...
Persistent link: https://www.econbiz.de/10005113537
The unsatisfactory performance of Italian export volumes in the last decade has been attributed to three factors; the product specialization still centered around traditional sectors, the small firm size and the exceptional rise in export unit values. This paper analyzes the latter with the aim...
Persistent link: https://www.econbiz.de/10005609351
Using a very large panel dataset of Italian manufacturing firms, we test an empirical model of foreign markets participation with sunk costs. The period of analysis (1982-1999) is exceptionally informative: the large fluctuations in the lira exchange rate determined substantial flows of firms in...
Persistent link: https://www.econbiz.de/10005609387
We investigate the causal relationship between judicial efficiency and firm size across Italian municipalities exploiting spatial discontinuities in court jurisdictions for identification. The estimated coefficients suggest that the reduction of the length of civil proceedings could exert, all...
Persistent link: https://www.econbiz.de/10011099645