This paper focuses on factors that affect the growth of manufacturing firms in Germany. It addresses which factors might be needful and which factors might be helpful for the different growth stages of these firms. Most firms face turning points in their life course, and thus do not grow...

Government policies that attempt to alleviate credit constraints faced by small and young firms are widely adopted across countries. We study the aggregate impact of such targeted credit subsidies in a heterogeneous firm model with collateral constraints and endogenous entry and exit. A defining...