Showing 1 - 10 of 201
Journals favor rejection of the null hypothesis. This selection upon tests may distort the behavior of researchers. Using 50,000 tests published between 2005 and 2011 in the AER, JPE, and QJE, we identify a residual in the distribution of tests that cannot be explained by selection. The...
Persistent link: https://www.econbiz.de/10013084682
a financing strategy when regular business loans might not be accessible …
Persistent link: https://www.econbiz.de/10013118523
Drawing on principal-agent perspectives on corporate governance, this paper examines whether employees' hourly pay is linked to ownership dispersion. Using linked workplace-worker data from the British Workplace Employment Relations Survey (WERS) 2011, we find average hourly pay is higher in...
Persistent link: https://www.econbiz.de/10013016270
We review the literature on financial constraints and the performance of small and medium enterprises (SMEs). We consider the important role that SMEs play in the economies of Australia and the Organisation for Economic Cooperation and Development. We examine the role of financial constraints in...
Persistent link: https://www.econbiz.de/10012842053
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/10013324808
We use a unique dataset to estimate the impact of a large credit supply shock on employment in Spain. We exploit marked differences in banks' health at the onset of the Great Recession. Several weak banks were rescued by the State and they reduced credit more than other banks. We compare...
Persistent link: https://www.econbiz.de/10013071423
We investigate the interdependence of debt financing and R&D activities of young firms.Using micro-level data of the … relationship between the share of loan financing and R&Dintensity. A higher share of loan financing allows for more R&D in young … merely estimating single-equation models for R&D intensity and debt financing... …
Persistent link: https://www.econbiz.de/10009486988
overdrafts areused by self-employed to finance their business as well. This indicates that interminglingconstitutes a financing …
Persistent link: https://www.econbiz.de/10009522202
We investigate the interdependence of debt financing and R&D activities of young firms. Using micro-level data of the … interdependent relationship between the share of loan financing and R&D intensity. A higher share of loan financing allows for more R … detected by merely estimating single-equation models for R&D intensity and debt financing …
Persistent link: https://www.econbiz.de/10013117119
We analyze the effect of mothers' and youths' reports of family financial stress and conflict on youths' transitions into adult roles. We find that mothersメ reports of financial stresses and borrowing constraints are associated with earlier transitions to inactivity and public assistance,...
Persistent link: https://www.econbiz.de/10013134078