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Finance and growth at the firm level : evidence from SBA loans
Brown, J. David; Earle, John S. - 2015
lenders. The estimation results imply an increase of 3-4 jobs for each million dollars of loans, suggesting that credit … for the SBA 504 versus 7(a) programs, and with respect to the business cycle, local credit conditions, and within …
Persistent link: https://www.econbiz.de/10011309136
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Do SBA loans create jobs?
Brown, J. David; Earle, John S. - 2013
Small Business Administration (SBA) loans have long been one of the most significant policy interventions in the U.S. affecting firm behavior, but little is known about their outcomes. This paper estimates the effects on employment using a list of all SBA loans linked to annual data on all U.S....
Persistent link: https://www.econbiz.de/10009786960
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The effect of credit guarantees on R&D investment of SMEs in Korea
Heshmati, Almas - 2013
Korean government has invested significant amount of resources through credit guarantee funds to promote SMEs survival …, performance and R&D investment. This study attempts to identify determinants of provision of credit guarantees and estimate their … effects on firms R&D expenditures. The relationship between duration of credit and firm's survival and performance is also …
Persistent link: https://www.econbiz.de/10010229522
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Finance, gender, and entrepreneurship: India's informal sector firms
Gang, Ira N.; Raj, Rajesh S. N.; Sen, Kunal - 2020
How does informal economic activity respond to increased financial inclusion? Does it become more entrepreneurial? Does access to new financing options change the gender configuration of informal economic activity and, if so, in what ways and what directions? We take advantage of nationwide data...
Persistent link: https://www.econbiz.de/10012314972
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Financial constraints and small and medium enterprises : a review
Bakhtiari, Sasan; Breunig, Robert; Magnani, Elisabetta; … - 2020
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
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Heterogeneous effects of credit constraints on SMEs' employment : evidence from the Great Recession
Cornille, David; Rycx, François; Tojerow, Ilan - 2018
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 exogenous determinant of firms' access to credit. Findings, relative to the … Belgian economy, clearly highlight that credit matters. They show that SMEs borrowing money from pre-crisis financially less …
Persistent link: https://www.econbiz.de/10011785728
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Financial crises and liberalization : progress or reversals?
Saka, Orkun; Campos, Nauro; De Grauwe, Paul; Ji, Yuemei; … - 2019
Financial crisis can trigger policy reversals, i.e. they can lead to a process of re- regulation of financial markets. Using a recent comprehensive dataset on financial liberalization across 94 countries for the period between 1973 and 2015, we formally test the validity of this prediction for...
Persistent link: https://www.econbiz.de/10012022690
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Impact of financial crises on dynamics of capital structure : evidence from Korean listed companies
Tsoy, Lyubov; Heshmati, Almas - 2017
This study examines the impact of 1997 Asian and 2008 Global financial crises on the capital structure of Korean listed companies. Using a data set covering 1,159 Korean listed non-financial firms from 10 industrial sectors over period 1985-2015, the pattern of firms' capital structure before...
Persistent link: https://www.econbiz.de/10011612999
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Protecting child nutritional status in the aftermath of a financial crisis : evidence from Indonesia
Giles, John; Satriawan, Elan - 2014
In response to concerns over the vulnerability of the young in the wake of Indonesia's 1997-1998 economic crises, the Government of Indonesia implemented a supplementary feeding program to support early childhood nutritional status. This paper exploits heterogeneity in duration of program...
Persistent link: https://www.econbiz.de/10010458487
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Policies in hard times : assessing the impact of financial crises on structural reforms
Gokmen, Gunes; Nannicini, Tommaso; Onorato, … - 2020
It is commonly argued that crises open up a window of opportunity to implement policies that otherwise would not have the necessary political backing. The argument goes that the political cost of deep reforms declines as crises unravel structural problems that need to be urgently rectified and...
Persistent link: https://www.econbiz.de/10012164495