empirical tests, motivated by a simple theory, demonstrate that low-liquidity firms amplified its transmission. …

We examine two key questions in this paper: does access to finance have an association with firm level productivity …? And does the fiscal environment have an effect on the relation between access to finance and firm productivity? Our … answers are that restrictions to access to finance leads to lower firm productivity and the fiscal policy environment can …

We take a closer look at the links between corporate capital structure and productivity, profitability and access to … capital structure has no significant impact on the firms' profitability or productivity. However, the capital structure is …

firms might both intentionally and unintentionally influence the productivity, financing and export performance of local …. Economic theory does not suggest unambiguous answer to a question whether the influence is positive or negative. For answering … within production chain in the Czech Republic are analyzed. -- foreign direct investment ; productivity ; corporate finance …

We study the relation between firms financial structure, access to external finance and labor productivity using a … to estimate the direct impact of access to finance to firm-level productivity. We find negative and significant effects … estimated loss of around 21% of their labor productivity. In addition, each country would gain on average between one and two …

total factor productivity (TFP) is endogenous and depends on the resource allocation. The model uncovers a novel tradeoff …

We measure aggregate productivity loss due to credit market constraints in a model with endogenous borrowing … Bond Security Data and balance sheet data from Compustat. Credit market constraints increase aggregate productivity by 0 … payouts, resulting in an overall productivity loss equal to 1.6% …

Caves, Christensen, Diewert introduced Malmquist output, input and productivity indexes into production theory in a … systematic way. This paper revisits the debate on how to decompose Bjurek's concept of a Malmquist productivity index into … of the productivity decomposition are proven under relatively unrestrictive assumptions. The paper provides for the first …

intensively if its productivity realization is large and curtailed otherwise. Some investment in even the riskiest technologies …