Market imperfections, such as those caused by underdeveloped financial and legal systems, are usually considered constraints on a firm's ability to obtain capital.A past study has shown that firms in countries with developed financial institutions and efficient legal systems obtain capital more...

"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...