This paper aims at investigating the relationship between firms' profit efficiency, access to finance and innovation activities. We enrich our understanding on firms' performance by adopting the stochastic frontier approach (SFA), which allows us to estimate profit functions and to obtain...

This paper measures the indirect impacts of financial globalization using the extent to which corporate growth opportunities — especially those of small-size companies — are country-specific. Using data for 53,365 firms from 40 countries over the period of 1991-2012, we find that the...