Benczúr, Péter; Karagiannis, Stylianos; Kvedaras, … - 2017
at the impact of certain financing components separately or using ratios, which may bias the estimation and lead to … study shows that the finding of a non-linear, hump-shaped impact of financing on economic growth is robust to controlling … for financing composition in terms of the sources (bank credit, debt securities, stock market) and the recipients of …