Showing 1 - 10 of 188
We analyze gender discrimination in entrepreneurship finance. Access to finance is crucial for entrepreneurial success … an additional benefit of equalizing access to finance and ultimately stimulating growth. …
Persistent link: https://www.econbiz.de/10014388597
This paper investigates the complementarity between business training and access to financial capital for small and medium enterprises (SMEs) in Kenya. All participants in a business training program are offered training. One-third of participants are offered loans immediately after training...
Persistent link: https://www.econbiz.de/10014332125
We present a theoretical and empirical analysis of the links between the gender of an entrepreneur, access to finance … medium enterprises, possibly, because in large firms borrowing is a less essential source of finance. An important policy …
Persistent link: https://www.econbiz.de/10011610923
The paper provides an analysis of the simultaneous existence of the formal and the informal sources of finance and …, viz. formal banking sector with lower interest rate with finance constraint and an informal credit market with a higher … the informal source of finance easily the growth rate could have been lower. The premium associated with the differential …
Persistent link: https://www.econbiz.de/10015098691
Almost two thirds of the cross-plant dispersion in marginal revenue products of capital occurs across plants within the same firm rather than between firms. Even though firms allocate invest- ment very differently across their plants, they do not equalize marginal revenue products across their...
Persistent link: https://www.econbiz.de/10011624203
We analyze the relationship between legal institutions, innovation and growth. We compare a rigid (law set ex-ante) legal system and a flexible one (law set after observing current technology). The flexible system dominates in terms of welfare, amount of innovation and output growth at...
Persistent link: https://www.econbiz.de/10009153886
The medieval Champagne fairs are widely used to draw lessons about the institutional basis for long-distance impersonal exchange. This paper re-examines the causes of the outstanding success of the Champagne fairs in mediating international trade, the timing and causes of the fairs' decline, and...
Persistent link: https://www.econbiz.de/10009124151
Persistent link: https://www.econbiz.de/10003623962
Persistent link: https://www.econbiz.de/10003623990
In a Case Law regime Courts have more flexibility than in a Statute Law regime. Since Statutes are inevitably incomplete, this confers an advantage to the Statute Law regime over the Case Law one. However, all Courts rule ex-post, after most economic decisions are already taken. Therefore, the...
Persistent link: https://www.econbiz.de/10003748330