productive and active VC industry boosts innovation driven growth. …

This paper investigates the importance that market regulation and financial imperfections have on firm growth. We … a weak financial market (finance effect), the strictness of product and labor market regulations also affect firm growth … (labor effect). In particular, we show that the stricter the rules the more detrimental the influence on growth in sectoral …

The recent financial crisis has reopened the debate on the impact of informal and formal finance on firm growth in … developing countries. Using unique survey data, we find that informal finance is associated with higher sales growth for small … firms and lower sales growth for large firms. We identify a complementary effect between informal and formal finance for the …

Employing a firm-level dataset, this paper explores the effects of exchange rate volatility on the growth performances … suggest that exchange rate volatility has a significant growth reducing effect on manufacturing firms. However, having access …

This paper investigates the importance that market regulation and fi…nancial imperfections have on …firm growth. We ……rm growth (labor effect). In particular, we show that the stricter the rules the more detrimental the influence on growth in …

explore the relationship between asset growth, investment, and cash flow and find that firms use all available internal funds … to channel towards asset growth even during the financial crisis. We conclude that firms in Asia were resilient to the …

This paper uses a very large sample of French SMEs to study growth of small businesses. Firms are distinguished … sales growth than feasible, given firm internal financing resources (ie they adopt a conservative growth behavior). Because … firm growth is limited not by financing constraints but by family-related incentives to restrict firm size, increasing firm …