We document that European banks charge higher interest rates on loans granted to small and medium-sized firms located in areas at high risk of flooding. At 6 basis points, the average risk premium does not adequately reflect the deterioration of loan performance in the aftermath of flood...

Small scale urban green infrastructure projects can provide local ecological services that should be accounted for in project assessment. Benefits assessment can be expensive and time consuming; benefit transfer provides an economical alternative, but the quality of the analysis depends upon...

This paper aims to listen and understand the voices of the self-employed workers of a shrinking traditional iron kitchen utensil making microenterprise cluster based at Patardih village of Deoghar district in state of Jharkhand in India. The point of view of these self-employed workers have been...

Business registration is crucial for ensuring accountable, transparent and viable business environments. By bringing businesses into the formal economy, governments are able to provide more strategic and targeted policies for businesses and consumers. The objective of this working paper is to...

Fundamentalmente as empresas necessitam de recursos de capital para financiar, por um lado, a sua estrutura, e por outro a sua actividade.O financiamento da actividade será a necessidade de fundo de maneio, ou seja, o valor monetário necessário para financiar o ciclo de negócio. Este valor...

We test whether managerial human capital has a first order effect on the performance and growth of small enterprises in emerging markets. In a randomized control trial in Puebla, Mexico, we randomly assigned 150 out of 432 small and medium size enterprises to receive subsidized consulting...

We propose a unified explanation for two seemingly disparate empirical findings: the negative abnormal returns of distressed stocks, and of small growth stocks. Based on a counterintuitive result relating option prices to jump risk (Merton (1976)), we show via an investment valuation model that...