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Does IT help? : information technology in banking and entrepreneurship

Ahnert, Toni; Dörr, Sebastian; Pierri, Nicola; Timmer, … - 2021

This paper analyzes the importance of information technology (IT) in banking for entrepreneurship. To guide our … entrepreneurship by making it easier for startups to borrow against collateral. We provide empirical evidence that job creation by … lending channel for IT banks, entrepreneurship increases more in IT-exposed counties when house prices rise. In line with the …

Persistent link: https://www.econbiz.de/10012605121

Sources of corporate profits in India : business dynamism or advantages of entrenchment?

Mody, Ashoka; Nath, Anusha; Walton, Michael - 2010

Persistent link: https://www.econbiz.de/10009488695

Who creates new firms when local opportunities arise?

Bernstein, Shai; Colonnelli, Emanuele; Malacrino, Davide; … - 2018

New firm formation is a critical driver of job creation, and an important contributor to the responsiveness of the economy to aggregate shocks. In this paper we examine the characteristics of the individuals who become entrepreneurs when local opportunities arise due to an increase in local...

Persistent link: https://www.econbiz.de/10011932382

The short-term impact of product market reforms : a cross-country firm-level analysis

Gál, Peter; Hijzen, Alexander - 2016

This paper analyzes the effects of product market reforms in the short and medium term across 10 regulated industries and 18 advanced economies for the period 1998-2013 using internationally comparable firm-level data based on Orbis. It provides four key insights. First, product market reforms...

Persistent link: https://www.econbiz.de/10011711526

Structural changes in Japanese firms : business dynamism in an aging society

Hong, Gee Hee; Ito, Arata; Saito, Yukiko Umeno; Anh Thi … - 2020

The COVID-19 pandemic has posed a serious threat to the survival of Japanese firms, highlighting the importance of understanding how and why firms exit. In this paper, we use a rich firm-level dataset of Japanese firms to document how firm exit patterns have evolved between 2007 and 2017. Firm...

Persistent link: https://www.econbiz.de/10012302043

Young firms and monetary policy transmission

Casiraghi, Marco; McGregor, Thomas; Palazzo, Dino - 2021

We investigate the role of business dynamism in the transmission of monetary policy by exploitingthe variation in firm demographics across U.S. states. Using local projections, we find that a larger fraction of young firms significantly mutes the effects of monetary policy on the labor market...

Persistent link: https://www.econbiz.de/10012518853

China's declining business dynamism

Cerdeiro, Diego A.; Ruane, Cian - 2022

After impressive growth in the 2000s, China's productivity has more recently stagnated. We use firm-level data to analyze productivity and firm dynamism trends from 2003 to 2018. We document six facts that together show a decline in China's business dynamism. We show that (i) the revenue share...

Persistent link: https://www.econbiz.de/10013170240

Skill Acquisition and Firm Creation in Transition Economies

Li, Wenli - 1999

creation of new private firms. Using a dynamic search model, it shows how the lack of skilled workers inhibits entrepreneurship …

Persistent link: https://www.econbiz.de/10014400529

Sources of Corporate Profits in India : Business Dynamism or Advantages of Entrenchment?

Walton, Michael - 2011

Some see India’s corporate sector as the fundamental driver of recent and future prosperity. Others see it as a source of excessive market power, personal enrichment, and influence over the State, with an ultimately distorting influence. To inform this debate, this paper analyses the...

Persistent link: https://www.econbiz.de/10014403154

Bank Competition and Firm Creation

Dell'Ariccia, Giovanni - 2001

This paper investigates the empirical relationship between competition in the financial sector and the creation of firms in the non-financial sector. It finds that bank competition has an overall positive effect on firm creation. However, consistent with theories of banking arguing that...

Persistent link: https://www.econbiz.de/10014403643