access to credit increasesTFP up to 1.9% per 1000 EUR of additional credit. The use of variable inputs and capital investment … increases up to 2.3% and 29%, respectively, per 1000 EUR of additionalcredit. Due to credit-financed investment in labour …

to improve their establishment level productivity relative to a peer control groups of firms. We find no evidence that … productivity after going private, there is little evidence of difference-in-differences efficiency gains relative to peer groups of … decision effects. Also, we do not find evidence that myopic markets lead to under-investment at the establishment level. On the …

mechanism behind this finding, we first explore the intensive margin and show that high-MRPK firms increase their investment and …

Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply …