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and medium sized enterprises (SMEs) to adopt different types of resource efficiency measures (REMs), possibly …
Persistent link: https://www.econbiz.de/10014435290
We study the relationship between finance and growth using a sample of 275 Chinese cities during 2009-2018. We exclude a large amount of bank loans to local governments through the local government financing vehicles (LGFVs). This allows us to construct a new and better financial development...
Persistent link: https://www.econbiz.de/10013337564
We study the effects of a unique lending program initiated by the Swedish government at the height of the financial crisis that allowed firms to suspend payment of all labor-related taxes and fees. Comprehensive administrative data on all Swedish firms show that firms borrowing from the program...
Persistent link: https://www.econbiz.de/10011300345
depth, access and efficiency during 2014-2018 based on 24 indicators. This paper starts with the examination of the role of … study period compared to its most ASEAN and GCC countries. The efficiency of banking sector, on an average, remained at a … sector development through enhancing depth and efficiency of the banking sector and the development of efficient bond and …
Persistent link: https://www.econbiz.de/10013380870
a leading emerging market, namely China, using difference-in-differences and GARCH approaches. Before the crisis China …
Persistent link: https://www.econbiz.de/10010518789
The paper proposes a simple equilibrium model of venture capital, entrepreneurship and innovation. Venture capitalists not only finance but also advise start-up entrepreneurs and thereby add value to new firms. The paper demonstrates how a productive and active VC industry boosts innovation...
Persistent link: https://www.econbiz.de/10011409024
activities) affecting the propensity of European small and medium sized enterprises (SMEs) to adopt energy efficiency measures …
Persistent link: https://www.econbiz.de/10013440418
Implicit contracts can mitigate moral hazard in labor, credit and product markets. The enforcement mechanism underlying an implicit contract is the threat of exclusion: the agent fears that he will lose future income if the principal breaks off the relationship. This threat may be very weak in...
Persistent link: https://www.econbiz.de/10011540779
What determines the development of rural financial markets? Starting from a simple theoretical framework, we derive the factors shaping the market entry of rural microfinance institutions across time and space. We provide empirical evidence for these determinants using the expansion of credit...
Persistent link: https://www.econbiz.de/10012138789
We analyze the relationship between Microfinance Institutions (MFIs) and external donors, with the aim of contributing to the debate on "mission drift" in microfinance. We assume that both the donor and the MFI are pro-poor, possibly at different extents. Borrowers can be (very) poor or...
Persistent link: https://www.econbiz.de/10011602702