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Internal finance and growth: microeconometric evidence on Chinese firms
Guariglia, Alessandra; Liu, Xiaoxuan; Song, Lina - 2008
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/10010269180
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Groupthink: Collective Delusions in Organizations and Markets
Benabou, Roland - Institute for the Study of Labor (IZA) - 2013
This paper investigates collective denial and willful blindness in groups, organizations and markets. Agents with anticipatory preferences, linked through an interaction structure, choose how to interpret and recall public signals about future prospects. Wishful thinking (denial of bad news) is...
Persistent link: https://www.econbiz.de/10010704406
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Protecting Child Nutritional Status in the Aftermath of a Financial Crisis: Evidence from Indonesia
Giles, John T.; Satriawan, Elan - Institute for the Study of Labor (IZA) - 2014
In response to concerns over the vulnerability of the young in the wake of Indonesia's 1997-1998 economic crises, the Government of Indonesia implemented a supplementary feeding program to support early childhood nutritional status. This paper exploits heterogeneity in duration of program...
Persistent link: https://www.econbiz.de/10011105051
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Impact of Financial Crises on Dynamics of Capital Structure: Evidence from Korean Listed Companies
Tsoy, Lyubov; Heshmati, Almas - 2017
This study examines the impact of 1997 Asian and 2008 Global financial crises on the capital structure of Korean listed companies. Using a data set covering 1,159 Korean listed non-financial firms from 10 industrial sectors over period 1985-2015, the pattern of firms' capital structure before...
Persistent link: https://www.econbiz.de/10011653282
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Groupthink: Collective delusions in organizations and markets
Bénabou, Roland - 2013
This paper investigates collective denial and willful blindness in groups, organizations and markets. Agents with anticipatory preferences, linked through an interaction structure, choose how to interpret and recall public signals about future prospects. Wishful thinking (denial of bad news) is...
Persistent link: https://www.econbiz.de/10010293122
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Financial Crises and Liberalization: Progress or Reversals?
Saka, Orkun; Campos, Nauro F.; De Grauwe, Paul; Ji, Yuemei - 2019
Financial crisis can trigger policy reversals, i.e. they can lead to a process of re- regulation of financial markets. Using a recent comprehensive dataset on financial liberalization across 94 countries for the period between 1973 and 2015, we formally test the validity of this prediction for...
Persistent link: https://www.econbiz.de/10012059123
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Protecting Child Nutritional Status in the Aftermath of a Financial Crisis: Evidence from Indonesia
Giles, John T.; Satriawan, Elan - 2014
In response to concerns over the vulnerability of the young in the wake of Indonesia's 1997-1998 economic crises, the Government of Indonesia implemented a supplementary feeding program to support early childhood nutritional status. This paper exploits heterogeneity in duration of program...
Persistent link: https://www.econbiz.de/10010481632
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Policies in Hard Times: Assessing the Impact of Financial Crises on Structural Reforms
Gokmen, Gunes; Nannicini, Tommaso; Onorato, … - 2020
It is commonly argued that crises open up a window of opportunity to implement policies that otherwise would not have the necessary political backing. The argument goes that the political cost of deep reforms declines as crises unravel structural problems that need to be urgently rectified and...
Persistent link: https://www.econbiz.de/10012180125
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Urban Infrastructure and Economic Development: Experimental Evidence from Street Pavement
Gonzalez-Navarro, Marco; Quintana-Domeque, Climent - Institute for the Study of Labor (IZA) - 2010
%. At the household level, street paving increased the use of collateral-based credit and average loan size. Additionally … result of pavement. We provide compelling evidence that the mechanism explaining the durable goods increase is the credit … channel: the raise in durable goods as well as in credit use was only present among households with access to financial …
Persistent link: https://www.econbiz.de/10008756380
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Seasonal Credit Constraints and Agricultural Labor Supply: Evidence from Zambia
Fink, Günther; Jack, Kelsey; Masiye, Felix - Institute for the Study of Labor (IZA) - 2014
' inability to cover short-term consumption needs with savings or credit. We conduct a field experiment in rural Zambia to … investigate the relationship between credit availability and rural labor supply. We find that providing households with access to … credit during the growing season substantially alters the allocation of household labor, with households in villages randomly …
Persistent link: https://www.econbiz.de/10011094086