Showing 1 - 10 of 416
Sharing is a norm in many societies. We present a theoretical model on the trade-off between sharing and investment … patterns: entrepreneurs following an 'insurance regime' comply with sharing norms, are insured but reduce investment in their … firm, whereas entrepreneurs in the 'growth regime' are not insured but take undistorted investment decisions. The choice of …
Persistent link: https://www.econbiz.de/10009717131
loans on production and investment decisions, input use, and yields. Using a multiple treatment methodology, it explores the … important as lack of funding for new investment in capital for rural producers in Mexico. Producers benefit from easing their …
Persistent link: https://www.econbiz.de/10012581494
employers' decision to invest in employee training. We combine survey data on investment activities with administrative data on … investment in training as a share of fixed assets by 2.9 to 4.5 percent and investment in training per employee by 1.8 to 2 ….5 percent. We document that lower investment in training reduces productivity, and show that firms facing tighter financing …
Persistent link: https://www.econbiz.de/10012193982
firm's investment is comparatively more sensitive to cash flow, but this sensitivity is negatively and significantly … related with corporate efficiency. These results point to the fact that high investment sensitivity to cash flow may not be … solely driven by measurement error in investment opportunity, but may still be interpreted as a consequence of imperfect …
Persistent link: https://www.econbiz.de/10010379263
This paper analyzes the joint effect of EPL and financial market imperfections on investment, capital … stronger in firms with lower levels of internal resources. We find that, on average, EPL reduces investment per worker, capital …
Persistent link: https://www.econbiz.de/10003832294
role of rising rates of investment. Because labor reallocation across sectors, TFP growth at the sector level and … investment are all inter-related, simple growth decompositions that are often used in the literature are not appropriate for … continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved …
Persistent link: https://www.econbiz.de/10003940472
This paper examines international temporary migration as an intermediary step among aspiring entrepreneurs to accumulate the needed capital when they face credit constraints at home. The analysis is based on a representative dataset of lifetime employment histories of return migrants from...
Persistent link: https://www.econbiz.de/10014443865
We study the impact of loan regulation in rural India on child labor with an overlapping-generations model of formal and informal lending, human capital accumulation, adverse selection, and differentiated risk types. Specifically, we build a model economy that replicates the current outcome with...
Persistent link: https://www.econbiz.de/10009665022
Using data from 74 countries, we uncover important differences in the association between financial literacy and preferences by the level of economic development. We find that patience is only salient in wealthier countries, i.e. countries with their GDP per capita above the sample median. In...
Persistent link: https://www.econbiz.de/10012648266
firms to cut investment, employment, and borrowing. We conclude that financial market fluctuations affect even private firms …
Persistent link: https://www.econbiz.de/10010229932