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Business decision-making under uncertainty : evidence from employment and number of businesses

Ghosal, Vivek; Ye, Yang - 2013

Using the framework provided by the asymmetric-information and real-options theories, we examine the impact of uncertainty on firms' decisions and market outcomes. We construct alternative measures of uncertainty based on survey of professional forecasters and our estimation of regression-based...

Persistent link: https://www.econbiz.de/10009764986

Uncertainty and the employment dynamics of small and large businesses

Ghosal, Vivek; Ye, Yang - 2014

We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based on the survey of professional forecasters, and regression-based forecasting models for GDP growth, inflation, S&P500 stock price index, and fuel prices. Our results indicate...

Persistent link: https://www.econbiz.de/10010428770

The impact of COVID-19 on small business owners: the first three months after social-distancing restrictions

Fairlie, Robert W. - 2020

Social distancing restrictions and health- and economic-driven demand shifts from COVID-19 are expected to shutter many small businesses and entrepreneurial ventures, but there is very little early evidence on impacts. This paper provides the first analysis of impacts of the pandemic on the...

Persistent link: https://www.econbiz.de/10012291885

Information technology in banking and entrepreneurship

Ahnert, Toni; Dörr, Sebastian; Pierri, Nicola; Timmer, … - 2024

We study the importance of information technology (IT) in banking for entrepreneurship. Guided by a parsimonious model …. We present evidence consistent with banks’ IT adoption spurring entrepreneurship through a collateral channel …: entrepreneurship increases by more in IT-exposed counties when house prices rise. Further analysis suggests that IT improves banks …

Persistent link: https://www.econbiz.de/10015048384

SMEs and access to bank credit : evidence on the regional propagation of the financial crisis in the UK

Degryse, Hans; Matthews, Kent; Zhao, Tianshu - 2015 - Second draft: June 2015

We study the sensitivity of banks' credit supply to small and medium size enterprises (SMEs) in the UK to banks' financial condition before and during the financial crisis. Employing unique data on the geographical location of all bank branches in the UK, we connect firms' access to bank credit...

Persistent link: https://www.econbiz.de/10011288792

Supply chain finance and SMEs : evidence from international factoring data

Auboin, Marc; Smythe, Harry; Teh, Robert - 2016

The unbundling of trade across regions offers unique opportunities for SMEs to integrate into global trade notably through their involvement into supply-chains. With supply-chains shifting and expanding into new regions of the world, the challenge for SMEs to accessing financing remains an...

Persistent link: https://www.econbiz.de/10011521813

All you need is cash : corporate cash holdings and investment after the global financial crisis

Joseph, Andreas; Kneer, Christiane; Horen, Neeltje van - 2021

Cash holdings at the onset of a financial crisis are a key determinant of investment by SMEs not only during the crisis but also during the recovery period. Cash-rich SMEs could maintain their capital stock during the global financial crisis, while cash-poor rivals reduced theirs. This gave...

Persistent link: https://www.econbiz.de/10012509557

Income mobility of owners of small businesses when boundaries between occupations are vague

Thoresen, Thor Olav - 2009

Ownership of small businesses can facilitate upward mobility through the income hierarchy and help individuals maintain a place at the higher end of the income distribution hierarchy. This paper compares the positional stability of owners of small businesses with that of wage earners, arguing...

Persistent link: https://www.econbiz.de/10003850142

Credit market imperfection, lack of entrepreneurs and capital outflow from a developing economy

Marjit, Sugata; Mishra, Suryaprakash - 2020

This paper explores the impact of credit market on the entrepreneurs and demand for credit in a credit constrained economy and the resultant impact on the capital flows. In standard trade models the capital flows across countries are explained as a result of the rate of return differentials due...

Persistent link: https://www.econbiz.de/10012263312

Gender, access to finance, occupational choice, and business performance

Gazanchyan, Nelli S.; Hashimzade, Nigar; Rodionova, Yulia; … - 2017

We present a theoretical and empirical analysis of the links between the gender of an entrepreneur, access to finance, occupational choice, and business performance. Our theoretical model predicts that, when lenders discriminate against women entrepreneurs, the average entrepreneurial skill of...

Persistent link: https://www.econbiz.de/10011610923

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