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Given the broad array of issues and the complexity faced by the water sector as a whole (from irrigation to flood protection, to water conservation and hydropower), there is great demand for future exploring the potential of RBF and tackling the questions still unanswered about many of its...
Persistent link: https://www.econbiz.de/10012644819
scenario of extreme economic distress, using the World Bank's Enterprises Surveys. Under the assumption that firms have no …
Persistent link: https://www.econbiz.de/10012241126
The recovery from the global crisis that erupted in 2007 shows that the decoupling between real and financial variables during the business cycle can lead to negative and long-lasting consequences for the economy. A key feature of the past global crisis in many countries is that the recovery in...
Persistent link: https://www.econbiz.de/10011875141
This paper examines the determinants of corporate savings in a cross-country panel setting. Specifically, it employs firm-level data covering more than 540,000 firm-year observations for 12 advanced and emerging market economies. Panel regression results suggest that reductions in statutory...
Persistent link: https://www.econbiz.de/10012257127
Payments of bribes and the expenses incurred on rent-seeking activities impose a significant financial burden on private firms, which is compounded when they do not have enough funds of their own or find it costly to borrow externally. This paper hypothesizes that financial constraints magnify...
Persistent link: https://www.econbiz.de/10012257009
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/10012246153
This study investigates the impact of World Bank development policy loans on the ease of doing business. It finds that … World Bank is more relevant than the amount of resources invested in the project …
Persistent link: https://www.econbiz.de/10012246175
This paper examines how the ability to access long-term debt affects firm-level growth volatility. The analysis finds that firms in industries with stronger preference to use long-term finance relative to short-term finance experience lower growth volatility in countries with better-developed...
Persistent link: https://www.econbiz.de/10012246521
This paper examines the effect of Basel III implementation on the access to finance of small and medium-size enterprises in 32 emerging markets and developing economies. Analyzing rich, repeated cross-sectional data and a panel of matched firm-bank data in a difference-in-differences setting...
Persistent link: https://www.econbiz.de/10012167938
This paper studies how crises prompted firms to switch borrowing across markets, impacting the amount borrowed, maturity, and currency denomination at the firm and aggregate levels. Using data on worldwide debt issuance from advanced and emerging economies, the paper shows that firms shifted...
Persistent link: https://www.econbiz.de/10012228743