Measuring the informal economy: taking up the challenge -- Statistics relating to the informal economy -- Statistics on developed countries -- Specific groups of urban informal workers -- Future directions for measuring the informal economy

This publication provides, for the first time, direct measures of informal employment inside and outside informal enterprises for 47 countries. It also presents statistics on the composition and contribution of the informal economy as well as on specific groups of urban informal workers

This paper investigates the impact of labor protection on corporate debt maturity structure. We hypothesize that stronger labor protection is conducive to a greater use of short-term debt maturity by firms. Using various country-level indicators as measures of labor protection, and a sample of...

We examine whether the effect of increased creditor rights on corporate borrowing depends on firm's access to internal capital. By exploiting a creditor protection reform in India, empirical outcomes strongly indicate that strengthening of creditor rights leads to increased corporate borrowing...

We examine the importance of Big Four audits in reducing agency costs evident in corporate debt maturity worldwide. Analyzing a large sample of public firms from 42 countries reveals that the fraction of long-term debt in firms' capital structures rises with the presence of a Big Four auditor,...