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How Does Long-Term Finance Affect Economic Volatility?

Demirguc-Kunt, Asli - 2016

This paper examines how the ability to access long-term debt affects firm-level growth volatility. The analysis finds that firms in industries with stronger preference to use long-term finance relative to short-term finance experience lower growth volatility in countries with better-developed...

Persistent link: https://www.econbiz.de/10012246521

Are Large Firms Born or Made? Evidence from Developing Countries

Ayyagari, Meghana - 2015

This paper uses survey data from 120 developing countries to compare the role of institutions with firm characteristics at the time of creation of the firm in explaining the size, growth, and productivity of firms over their lifecycle. The study finds that firm-level characteristics have...

Persistent link: https://www.econbiz.de/10012245891

The Global Findex Database 2017 : Measuring Financial Inclusion and the Fintech Revolution

Demirguc-Kunt, Asli - 2018

In 2011 the World Bank-with funding from the Bill and Melinda Gates Foundation-launched the Global Findex database, the … world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data … collected in collaboration with Gallup, Incorporated, the Global Findex database covers more than 140 economies around the world …

Persistent link: https://www.econbiz.de/10012644111

The Microfinance Business Model : Enduring Subsidy and Modest Profit

Cull, Robert - 2016

Recent evidence suggests only modest social and economic impacts of microfinance. Favorable cost-benefit ratios then depend on low costs. This paper uses proprietary data on 1,335 microfinance institutions between 2005 and 2009, jointly serving 80.1 million borrowers, to calculate the costs of...

Persistent link: https://www.econbiz.de/10012245853

The Global Findex Database 2014 : Measuring Financial Inclusion around the World

Demirguc-Kunt, Asli - 2015

The Global Financial Inclusion (Global Findex) database, launched by the World Bank in 2011, provides comparable … indicators showing how people around the world save, borrow, make payments, and manage risk. The 2014 edition of the database …

Persistent link: https://www.econbiz.de/10012246275

The Impact of the Global Financial Crisis on Firms Capital Structure

Demirguc-Kunt, Asli - 2015

Using a data set covering about 277,000 firms across 79 countries over the period 2004-11, this paper examines the evolution of firms capital structure during the global financial crisis and its aftermath in 2010-11. The study finds that firm leverage and debt maturity declined in advanced...

Persistent link: https://www.econbiz.de/10012246591

Financial Inclusion and Inclusive Growth: A Review of Recent Empirical Evidence

Demirguc-Kunt, Asli - 2017

and poor adults. This paper provides an overview of financial inclusion around the world and reviews the recent empirical …

Persistent link: https://www.econbiz.de/10012246182