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The Effect of Credit Guarantees on R&D Investment of SMEs in Korea
Heshmati, Almas - 2014
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...
Persistent link: https://www.econbiz.de/10013061446
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Personal Bankruptcy Law, Wealth and Entrepreneurship : Theory and Evidence from the Introduction of a 'Fresh Start'
Fossen, Frank M. - 2011
tend not to face higher interest rates because they provide collateral. This paper illustrates these effects in a model and …
Persistent link: https://www.econbiz.de/10013130785
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Real Estate Prices and Corporate Investment : Theory and Evidence of Heterogeneous Effects Across Firms
Fougère, Denis - 2018
framework of firms' investment with credit rationing and real estate collateral. We show that real estate prices affect firms …
Persistent link: https://www.econbiz.de/10012906468
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Credit Constraints and Productive Entrepreneurship in Africa
Baliamoune-Lutz, Mina - 2011
that can be used as collateral. This paper presents a model where firm creation and growth hinge on matching potential … entrepreneurs with productive technologies, while firm growth depends on acquired capital. The shortage of collateral creates a ….g., the depth of credit information and the strength of legal rights pertaining to collateral and bankruptcy) would stimulate …
Persistent link: https://www.econbiz.de/10013117196
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Migrant Entrepreneurs and Credit Constraints Under Labour Market Discrimination
Frijters, Paul - 2011
We use a unique data of representative migrants and urban local workers in 15 Chinese cities to investigate entrepreneurship and credit constraints under labour market discrimination. We divide self employed into prefer to be self-employed and prefer to have a salaried job but cannot find one;...
Persistent link: https://www.econbiz.de/10013120403
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Monitoring Costs, Credit Constraints and Entrepreneurship
Banerji, Sanjay - 2012
The vast majority of firms in developing economies are micro and small enterprises owned by families whose members also provide the labour to the units. Often, they fail to grow in size even with the relaxation of credit constraints. In this paper, we show that frictions in the labour market...
Persistent link: https://www.econbiz.de/10013104968
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Credit Constraints and the Persistence of Unemployment
Dromel, Nicolas - 2009
In this paper, we argue that credit market imperfections impact not only the level of unemployment, but also its persistence. For this purpose, we first develop a theoretical model based on the equilibrium matching framework of Mortensen and Pissarides (1999) and Pissarides (2000) where we...
Persistent link: https://www.econbiz.de/10013155160
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A Firm of One's Own : Experimental Evidence on Credit Constraints and Occupational Choice
Brudevold-Newman, Andrew - 2017
We conducted a randomized evaluation of two labor market interventions targeted to young women aged 18 to 19 in three of Nairobi's poorest neighborhoods. One treatment offered participants a bundled intervention designed to simultaneously relieve credit and human capital constraints; a second...
Persistent link: https://www.econbiz.de/10012962256
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The Economic Effects of COVID-19 and Credit Constraints : Evidence from Italian Firms' Expectations and Plans
Balduzzi, Pierluigi - 2020
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/10012824428
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Heterogeneous Effects of Credit Constraints on Smes' Employment : Evidence from the Great Recession
Cornille, David - 2018
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/10012929109