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On the Ubiquity of Declining Business Dynamism

Hummels, David; Yue, Kan - National Bureau of Economic Research - 2024

describing market dynamism world-wide. Market entry rates and the reallocation of market shares fall significantly over time …

Persistent link: https://www.econbiz.de/10014576666

Does Economic Growth Reduce Corruption? Theory and Evidence from Vietnam

Bai, Jie - 2013

Government corruption is more prevalent in poor countries than in rich countries. This paper uses cross …-industry heterogeneity in growth rates within Vietnam to test empirically whether growth leads to lower corruption. We find that it does. We … results suggest that as poor countries grow, corruption could subside "on its own,'' and they demonstrate one type of positive …

Persistent link: https://www.econbiz.de/10012459179

Secrets in Asset Purchases : Estimating the Unofficial Incomes of Officials

Deng, Yongheng; Wei, Shang-jin; Wu, Jing; Zhang, Rongjie - National Bureau of Economic Research - 2023

the recent anti-corruption campaign. An analysis of a separate cross-city dataset corroborates the key conclusion …

Persistent link: https://www.econbiz.de/10014372505

Credit Supply Shocks and Firm Dynamics : Evidence from Brazil

Bazzi, Samuel; Muendler, Marc-Andreas; Oliveira, Raquel F. - National Bureau of Economic Research - 2023

We explore how financial constraints distort the entry decisions among otherwise productive entrepreneurs and limit growth of promising young firms. A model of liquidity-constrained entrepreneurs suggests that the easing of credit constraints can induce more entry of firms with greater long-run...

Persistent link: https://www.econbiz.de/10014372477

Firm-to-Firm Referrals

Cai, Jing - 2024

We make randomized firm-to-firm referrals between 700 supplier and client firms in the industry producing the Chinese writing brush. Subsidized referrals lead to subsequent transactions and a partial crowding out of prior partners; information-only referrals have no effect. The referrals...

Persistent link: https://www.econbiz.de/10015094924

Big Business Stability and Social Welfare

Fogel, Kathy - 2008

Many countries appear to have excessively stable big business sectors, in that higher rates of big business turnover have been correlated with faster economy growth. Public policies that stabilize big business sectors are sometimes justified as supportive of social objectives. We find no...

Persistent link: https://www.econbiz.de/10012464620

International Financial Integration and Entrepreneurial Firm Activity

Alfaro, Laura - 2007

We explore the relation between international financial integration and the level of entrepreneurial activity in a country. We use a unique firm level data set of approximately 24 million firms in nearly 100 countries in 2004 and 1999, which enables us to present both cross-country and industry...

Persistent link: https://www.econbiz.de/10012465536

Finance, Firm Size, and Growth

Beck, Thorsten - 2004

This paper examines whether financial development boosts the growth of small firms more than large firms and hence provides information on the mechanisms through which financial development fosters aggregate economic growth. We define an industry's technological firm size as the firm size...

Persistent link: https://www.econbiz.de/10012467705

Turbulence, Firm Decentralization and Growth in Bad Times

Aghion, Philippe - 2017

What is the optimal form of firm organization during "bad times"? We present a model of delegation within the firm to show that the effect is ambiguous. The greater turbulence following macro shocks may benefit decentralized firms because the value of local information increases (the "localist"...

Persistent link: https://www.econbiz.de/10012455327

Limited Managerial Attention and Corporate Aging

Loderer, Claudio - 2013

As firms have more assets in place, more of management's limited attention is focused on managing assets in place rather than developing new growth options. Consequently, as firms grow older, they have fewer growth options and a lower ability to generate new growth options. This simple theory...

Persistent link: https://www.econbiz.de/10012459232

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