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This paper incorporates the cost of adjustment between observed and optimal leverage in explaining the variation in firm's equity or bank-debt financing investments. Using a dynamic adjustment approach identifies the determinants to capital structure between different financial systems. In...
Persistent link: https://www.econbiz.de/10011448232
in terminating inefficient trade flows. This constitutes a new channel through which finance improves resource allocation …
Persistent link: https://www.econbiz.de/10011346433
.S. employers to estimate the effects of financial access on employment growth. Our methods combine regressions with matching on … constraints impede small business growth prior to loan receipt. We also investigate the variation in estimated employment effects …
Persistent link: https://www.econbiz.de/10011309136
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particularly useful in achieving rapid growth. …
Persistent link: https://www.econbiz.de/10008459562
particularly useful in achieving rapid growth.  …
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? Dependence on External Finance (DEF). They take any differences in these measures to be structural/technological and thus …
Persistent link: https://www.econbiz.de/10010295819
Global financial integration has been associated with divergent patterns of real convergence and the current account in emerging markets. While countries in emerging Asia have been running sizeable current account surpluses, countries in emerging Europe have been facing large current account...
Persistent link: https://www.econbiz.de/10011606240
, available elsewhere in the US, are sparse on the reservations. Small businesses are potent drivers of US economic growth. Some … growth and poverty reduction. Our study tests the effects of the Lakota Fund (LF), a small business development initiative …
Persistent link: https://www.econbiz.de/10010269309
products. While the former stand for socially responsible finance the latter are regarded as toxic waste. This ignores that … structured mortgage securities, like micro credit, had their origin in the public mission to create access to finance for the … and, thereby, deepen financial outreach to lower income customers. Not structured finance in itself, but the way it is …
Persistent link: https://www.econbiz.de/10010377871