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Internal Finance and Growth : Microeconometric Evidence on Chinese Firms
Guariglia, Alessandra; Li, Xiaoxuan; Song, Lina - 2021
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
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High-Growth Entrepreneurship
Brown, J. David - 2019
Analyzing data on all U.S. employers in a cohort of entering firms, we document a highly skewed size distribution, such that the largest 5% account for over half of cohort employment at firm birth and more than two-thirds at firm age 7. Little of the size variation is accounted for by industry...
Persistent link: https://www.econbiz.de/10012898724
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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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Finance and Growth at the Firm Level : Evidence from SBA Loans
Brown, J. David - 2015
We analyze linked databases on all Small Business Administration (SBA) loans, on all SBA lenders, and on all U.S. employers to estimate the effects of financial access on employment growth. Our methods combine regressions with matching on firm age, size, industry, year, and employment history,...
Persistent link: https://www.econbiz.de/10013016226
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Financial Constraints and Small and Medium Enterprises : A Review
Bakhtiari, Sasan - 2020
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
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Access to Finance Among Small and Medium-Sized Enterprises and Job Creation in Africa
Brixiova, Zuzana - 2020
In the past decade inclusive growth, that is job-rich growth, has topped the policy agenda in developing countries. This paper investigates how the access to finance affects employment in small and medium-sized enterprises (SMEs) in Sub-Saharan Africa. It first presents a model where firm...
Persistent link: https://www.econbiz.de/10012822842
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Induced Innovation : Evidence from China's Secondary Industry
Fleisher, Belton - 2020
We investigate the effect of rising labor costs on induced technological change in China's secondary industry. While …/environmental protection, there has been little evidence relating to China's adjustments as rising labor costs affect its global … rising wages have induced labor-saving innovation in China, at least in the decade of the 1990s, but less so or not at all …
Persistent link: https://www.econbiz.de/10012838478
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Wages, Innovation, and Employment in China
Fleisher, Belton M. - 2017
in China. Our empirical approach implements concepts developed in Acemoglu (2010) and complements the approaches … change has influenced productivity growth in China, at least in the decade of the 1990s, but perhaps less so or not at all …
Persistent link: https://www.econbiz.de/10012957004
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Evolution of the Industrial Wage Structure in China Since 1980
Kwon, Oh-Hyun - 2011
Industry mean wages in China have exhibited sharply increased dispersion since the early 1990s. The upward trend in … contributed to wage inequality due monopoly rent sharing. We show that the industrial wage dispersion in China has evolved to …
Persistent link: https://www.econbiz.de/10013121750
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Gender Wage-Productivity Differentials and Global Integration in China
Dammert, Ana - 2013
structure and evolution of gender differentials in China by simultaneously estimating demand-side wage and productivity outcomes …
Persistent link: https://www.econbiz.de/10013087424