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This paper investigates which firms suffer from informal competition and highlights the role of access to finance in … constraints and informal competition for our empirical analysis. We find that financially constrained firms face significantly … more intense competition by the informal sector and that this effect is economically large. In fact, financial constraints …
Persistent link: https://www.econbiz.de/10010329991
This paper investigates which firms suffer from informal competition and highlights the role of access to finance in … constraints and informal competition for our empirical analysis. We find that financially constrained firms face significantly … more intense competition by the informal sector and that this effect is economically large. In fact, financial constraints …
Persistent link: https://www.econbiz.de/10010659265
Persistent link: https://www.econbiz.de/10012149549
This paper investigates which firms suffer from informal competition and highlights the role of access to finance in … and informal competition for our empirical analysis.We find that financially constrained firms face significantly more … intense competition by the informal sector and that this effect is economically large. In fact, financial constraints are the …
Persistent link: https://www.econbiz.de/10013081674
Too often, academics and policy makers interpret formality as a binary choice and formalization as an irreversible process. Yet, formalization has many facets and shades on the business and labor fronts, and firms may not be able or willing to formalize all at once. This paper explores the joint...
Persistent link: https://www.econbiz.de/10011896965
This paper provides new insights on the determinants of firm exit after distress. Using nested logit models and a sample of 6118 distress-related exits from Belgium, we analyze the impacts of available and potential slack and the relative efficiency of voluntary liquidation, compared to...
Persistent link: https://www.econbiz.de/10013158241
Taxation is the commonest and oldest source of government revenue in the world. The main reason for taxation is to finance government expenses and redistribute of wealth. The shadow economy and tax evasion are both widespread in Zimbabwe. When the taxation system is not effective, many economic...
Persistent link: https://www.econbiz.de/10013020918
In this study we apply a random utility modeling framework to analyze housing demand in the city of Shanghai. A Multinomial Logit Model taking account of latent choice sets is employed to investigate the impact of household characteristics, such as income, size and age composition, on the choice...
Persistent link: https://www.econbiz.de/10014171339
Informality has long been a salient phenomenon in developing country labor markets, thus has been addressed in several theoretical and empirical research. Turkey, given its economic and demographic dynamics, provides rich evidence for a growing, heterogeneous and multifaceted informal labor...
Persistent link: https://www.econbiz.de/10009529580
Informality has long been a salient phenomenon in developing country labor markets, thus has been addressed in several theoretical and empirical research. Turkey, given its economic and demographic dynamics, provides rich evidence for a growing, heterogeneous and multifaceted informal labor...
Persistent link: https://www.econbiz.de/10009407058