leverage dynamics over their life-cycles. Firm age and size are systematically related to leverage for private firms, but not …

, large banks face a "size tax" of 40 basis points (0.4%) per dollar of debt issued … financial sector. We show that bank size, purely on strategic grounds, is a key determinant of banks' leverage choices, even …-ante regulation features size-dependent policies that disproportionally restrict the leverage choices of large banks. A quantitative …

producers in Egypt. Combined with detailed survey data, we causally identify the impact of exporting on firm performance …

In this article we introduce an empirical framework to analyze how firm performance is affected by increased …

greater misallocation in Mexico is the weaker size-management relationship compared to the US, particularly in the highly … distorted Mexican service sector. Second, the size-management relationship is weaker in smaller markets, measured by distance to …, measured by contract enforcement, crime, and corruption, have a weaker size-management relation. These results are consistent …

This paper provides causal evidence of the impact of industrial policy on firms' long-term performance and quantifies … Chemical Industry (HCI) Drive in South Korea, we find large and persistent effects of firm-level subsidies on firm size …

probability of shutdown is a result of the larger size of foreign plants rather than their nationality of ownership. Controlling … for plant size and productivity, we find that foreign plants are significantly more likely to close than comparable …

We provide a new model that generates persistent performance differences amongst seemingly similar enterprises. Our … demonstrated that performance differences are likely to be associated with stability in the identity of firms in the market …