Showing 1 - 10 of 947
This paper studies the factors banks perceive as drivers and obstacles to financing small and medium enterprises (SMEs), focusing on the role of competition and the institutional framework. Using a survey of banks in Argentina and Chile, the paper shows that, despite alleged differences in the...
Persistent link: https://www.econbiz.de/10005129199
The recent global financial crisis has shaken the confidence of developed and developing countries alike in the very blueprint of financial and macro policies that underlie the western capitalist systems. In an effort to contain the crisis from spreading, the authorities in the US and many...
Persistent link: https://www.econbiz.de/10005007475
This paper studies the relation between institutional investors and capital market development by analyzing unique data on monthly asset-level portfolio allocations of Chilean pension funds between 1995 and 2005. The results depict pension funds as large and important institutional investors...
Persistent link: https://www.econbiz.de/10005133793
Using a panel of administrative data and regression discontinuity analysis, this paper examines how the introduction of preferential tax regimes for Georgian micro and small businesses in 2010 affects formal firm creation and tax compliance. The results show that the new tax regime for micro...
Persistent link: https://www.econbiz.de/10010889042
This paper reviews the literature on the role of the investment climate reforms in job creation. It finds that the current landscape of employment and private sector activity in developing countries indicates a number of potential channels through which investment climate reforms can positively...
Persistent link: https://www.econbiz.de/10010903297
This paper studies the effects of voluntary accounting information disclosure through auditing on firm access to finance, exposure to corruption, and sales growth. Relying on a data set of more than 70,000 firms in 121 countries, the analysis finds that disclosure can be a double-edged sword. On...
Persistent link: https://www.econbiz.de/10011273961
In a North-South vertically differentiated duopoly, the analysis in this paper derives equilibrium government policies towards parallel imports. By incorporating strategic interaction at the policy-setting stage and the product market, the model sheds new light on (i) the effects of parallel...
Persistent link: https://www.econbiz.de/10009318585
This paper examines the relationship between regulation and the business interests of President Ben Ali and his family, using firm-level data from Tunisia for 1994-2010. Data on investment regulations are merged with balance sheet and firm-level census data in which 220 firms owned by the Ben...
Persistent link: https://www.econbiz.de/10010754600
Over the past 20 years, Bangladesh has witnessed strong competition among microfinance institutions. Using program …-level panel data from 2005-2010, this paper studies the microfinance institutions'recent competitive roles in their pricing of … view that newer microfinance institutions are less risk-averse in their targeting, or that increased borrowing among …
Persistent link: https://www.econbiz.de/10010638751
Can perceptions data help us understand investment climate constraints facing the private sector? Or do firms simply complain about everything? In this paper, the authors provide a picture of how firms'views on constraints differ across countries in Sub-Saharan Africa. Using the World Bank's...
Persistent link: https://www.econbiz.de/10004989739