Showing 1 - 10 of 527
Development. We examine the role of financial constraints in SME growth, with emphasis on business cycles and credit access. We …
Persistent link: https://www.econbiz.de/10012164561
This paper takes advantage of access to detailed matched bank-firm data to investigate whether and how employment decisions of SMEs have been affected by credit constraints in the wake of the Great Recession. Variability in banks' financial health following the 2008 crisis is used as an...
Persistent link: https://www.econbiz.de/10011785728
Does the availability of internal finance constrain firm growth? Or does it foster it? To answer these questions, we use a panel of 407,096 Chinese firms over the period 2000-2005. We estimate dynamic assets growth equations augmented with cash flow, and find that the growth of state owned...
Persistent link: https://www.econbiz.de/10003771888
This paper evaluates the effectiveness of easing credit constraints for rural producers in Mexico through loans provided by a national public development finance institution (DFI). In contrast to most of the existing literature, the study focuses on the effect of medium-sized loans over a two-...
Persistent link: https://www.econbiz.de/10012581494
Using a representative sample of European firms, we study whether and to what extent financing constraints affect employers' decision to invest in employee training. We combine survey data on investment activities with administrative data on financial statements to develop an index of financing...
Persistent link: https://www.econbiz.de/10012193982
We study the relationship between financing constraints and the work- force composition of firms that employ both casual and non-casual workers. We use data on Australian firms from 2009-2014 and a more direct measure of firm financial constraint than previous studies. We show that the...
Persistent link: https://www.econbiz.de/10012171302
marginal value of being an entrepreneur as a function of wealth. Countries with high start-up costs such as Italy, Spain and …
Persistent link: https://www.econbiz.de/10003609770
market. We take the case of Italy, a country that experienced changes in the mortgage market brought about by the 1992 … European unification and other institutional shifts. These events make Italy a good laboratory to study the effects of … financial markets on the labor market. Using a simultaneous equation framework and household data from the Bank of Italy between …
Persistent link: https://www.econbiz.de/10011413857
Persistent link: https://www.econbiz.de/10002156793
We investigate the economic effects of the COVID-19 pandemic and the role played by credit constraints in the transmission mechanism, using a novel survey of expectations and plans of Italian firms, taken just before and after the outbreak. Most firms revise downward their expectations for...
Persistent link: https://www.econbiz.de/10012271637