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The paper develops a simple model on the asymmetric role of credit markets in output fluctuations. When credit markets are underdeveloped and enterprise activity is financed by trade credit, shocks may induce a break-up of credit and production chains, leading to sudden and sharp contractions....
Persistent link: https://www.econbiz.de/10010549101
Using a database of more than 1,100 firms in the MENA region, this article looks at the determinants of demand for trade credit, particularly access to bank credit, size, age and the quality of the firm's financial structure. We show that the difficulty of gaining acces to bank credit positively...
Persistent link: https://www.econbiz.de/10010605305
Using a database of more than 1,300 firms from six countries in the MENA region, we study the impact of financial development on the relationship between trade credit on the one hand and bank credit access and firm-level characteristics, especially financial health, on the other hand. Trade...
Persistent link: https://www.econbiz.de/10011025997
sample period is split in two: before and after the MFI implemented France's regulatory EUR 10,000 loan ceiling. In the first …
Persistent link: https://www.econbiz.de/10010933836
This paper is the first result of a project aiming at understanding the history of bankruptcy law from an empirical economic perspective. By contrast with some proponents of "law and economics" (e.g. La Porta & alii, 1998), we consider that the impact of bankruptcy law on national economic...
Persistent link: https://www.econbiz.de/10010930170
of the swine-origin A (H1N1) 2009 pandemic, we use an interactive study among the general public in the South of France …
Persistent link: https://www.econbiz.de/10010930176
could play a minor effect in immigrants' decision to retire. Using detailed data on immigrants living in France collected in …
Persistent link: https://www.econbiz.de/10009651574
Cette étude faite au niveau général du budget ne présage cependant rien en ce qui concerne le détail de chacun des postes de dépense. Or, l'hypothèse d'un investissement en grande partie lié aux dépenses passées et aux caractéristiques actuelles est tout à fait plausible pour le...
Persistent link: https://www.econbiz.de/10009216358
little interest in France and other non-Anglo-Saxon environments? In a qualitative theory-building approach, this paper … assesses the gap in workplace practices adoption among the US, the UK, and France and analyzes in-depth interviews with 44 … human resources (HR) officers, employee representatives, unions, and work-life service providers in France. Five main …
Persistent link: https://www.econbiz.de/10009295296
and mitigating agency costs. Because France is characterized by a weak legal system, highly concentrated ownership …
Persistent link: https://www.econbiz.de/10009323502