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Financial Dependence, Banking Sector Competition, and Economic Growth
Claessens, Stijn; Laeven, Luc - 2012
The relationships among competition in the financial sector, access of firms to external financing, and associated … economic growth are ambiguous in theory. Moreover, measuring competition in the financial sector can be complex. In this paper … the authors first estimate for 16 countries a measure of banking system competition based on industrial organization …
Persistent link: https://www.econbiz.de/10012553941
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The Quality of the Legal System, Firm Ownership, and Firm Size
Laeven, Luc; Woodruff, Christopher - 2013
extent to which the distribution of firm size is related to the quality of the legal system using data from Mexico. They …
Persistent link: https://www.econbiz.de/10012559712
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Finance, Firm Size, and Growth
Beck, Thorsten; Demirguc-Kunt, Asli; Laeven, Luc - 2012
The authors examine whether financial development boosts the growth of small firms more than large firms and hence provides information on the mechanisms through which financial development fosters aggregate economic growth. They define an industry's technological firm size as the firm size...
Persistent link: https://www.econbiz.de/10012553939
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Resolving Systemic Financial Crisis : Policies and Institutions
Claessens, Constantijn A.; Klingebiel, Daniela; Laeven, Luc - 2013
The authors analyze the role of institutions in resolving systemic banking crises for a broad sample of countries. Banking crises are fiscally costly, especially when policies like substantial liquidity support, explicit government guarantees on financial institutions liabilities, and...
Persistent link: https://www.econbiz.de/10012559804
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Governance and Bank Valuation
Caprio, Gerard; Laeven, Luc; Levine, Ross - 2013
supervisory and regulatory policies on bank valuations. Except in a few countries with very strong shareholder protection laws … (iii) Greater cash flow rights mitigate the adverse effects of weak shareholder protection laws on bank valuations. These …
Persistent link: https://www.econbiz.de/10012559710