This paper provides new evidence on the link between finance and firm-level productivity focusing on the case of … find that financial constraints do not lower productivity for most sectors with the exception of R&D, where the dampening … effect of financial constraints on productivity is remarkably large. These results are robust to a variety of sensitivity …

productivity using a large dataset of firm-level data for Euro-area countries during the period 1995-2011. Our empirical strategy …-level production equation to assess the direct impact of access to finance to firm-level productivity. We estimate the impact of … financial constraints on a measure of labor productivity and we find significant and negative effects in the majority of sectors …

We examine the relationship between lax monetary policy, access to high-yield bond markets and productivity in the US … higher risk profile. Since the relationship between credit ratings and firm-level productivity is U-shaped, the aggregate … effect on productivity is a priori unclear. Turning to the real economy, we thus analyse whether this additional access to …

We study the relation between firms financial structure, access to external finance and labor productivity using a … to estimate the direct impact of access to finance to firm-level productivity. We find negative and significant effects … estimated loss of around 21% of their labor productivity. In addition, each country would gain on average between one and two …

This paper provides new evidence on the link between finance and firm-level productivity focusing on the case of … find that financial constraints do not lower productivity for most sectors with the exception of Ramp;D, where the … dampening effect of financial constraints on productivity is remarkably large. These results are robust to a variety of …

This paper explores the problems experienced by small and medium-sized enterprises (SMEs) with international ambitions … explorative empirical analysis of these issues for a sample of thirty-two Belgian SMEs. We find that the market of FDI finance for … SMEs is subject to considerable capital market imperfections. The information problems, lack of collateral, the home bias …

firms' productivity. The sensitivity of exporting to access to external financing appears to be most important for young …