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This paper studies the association between a country's level of financial development and firms' employment growth. We … development affects the employment of firms with low managerial capital negatively, while firms with high managerial capital … Enterprise Performance Survey covering transition countries in Eastern Europe and Central Asia. We use firm size as a proxy for …
Persistent link: https://www.econbiz.de/10010361348
This paper studies the association between a country's level of financial development and firms' employment growth. We … development affects the employment of firms with low managerial capital negatively, while firms with high managerial capital … Enterprise Performance Survey covering transition countries in Eastern Europe and Central Asia. We use firm size as a proxy for …
Persistent link: https://www.econbiz.de/10013052318
The study investigates the role of financial development in boosting the investment efficiency of firms' investments in China. Using a large sample of firm-level financial data and country level economic data over the period 2004-2015, present study creates a link between financial and real...
Persistent link: https://www.econbiz.de/10012174741
Rajan and Zingales (1998) use U.S. Compustat firm data for the 1980s to obtain measures of manufacturing sectors? Dependence on External Finance (DEF). They take any differences in these measures to be structural/technological and thus applicable to other countries. Their joint assumptions about...
Persistent link: https://www.econbiz.de/10010295819
The finding that industrial sectors differ in their dependence on external finance for sector-specific technological reasons and, thus, rely to a different degree on financial development has become a major concept in studies conducted on both growth and trade. Although natural resources might...
Persistent link: https://www.econbiz.de/10010318765
This paper provides an analysis of financial development and inclusion in developing Asia using data from a wide array of sources. We show that in terms of aggregate measures of financial development, the region as a whole has superior banking sector depth compared to other developing regions;...
Persistent link: https://www.econbiz.de/10011346230
Interest in the role of diversity in banking sectors has increased substantially since the financial crisis (and the subsequent sovereign debt crises) have hit European countries differentially. The purpose of this note is to hint at crucial research gaps in terms of appreciating consequences of...
Persistent link: https://www.econbiz.de/10012153580
Recent literature finds that exporters are particularly vulnerable to financial market frictions.As a consequence, exports may be lower than their efficient levels. For this reason,many countries support exporters by underwriting export credit guarantees. The empiricalevidence on the effects of...
Persistent link: https://www.econbiz.de/10010312171
Recent key challenges highlight the need to revisit Asia's financial development. These include the region's growth slowdown since the global crisis, compounded by a less benign external environment; internal structural challenges, such as population aging; and the maturing of much of the region...
Persistent link: https://www.econbiz.de/10011305285
An all-inclusive financial system is one of the channels through which information and communication technology (ICT) affects economic growth. Digital financial inclusion is an evolving phenomenon that enhances the ease of access to and availability of formal financial services. Further,...
Persistent link: https://www.econbiz.de/10012500594