Firm turnover (i.e., firm entry and exit) is a well-recognized source of sector-level productivity growth. In contrast, the role and importance of firms that switch activities from one sector to another is not well understood. Firm switchers are likely to be unique, differing from both newly...

We document the types of private debt securities used by private firms across 25 countries over 2001-2010. Returns to private debt depend on lender (fund manager) characteristics, particularly portfolio size per manager, highlighting the role of time allocation for due diligence and monitoring....

This study examines the relationship of female ownership with various performance indicators and willingness to register for informal (un-registered) firms. In addition, we study if the impacts of investment climate measures on firm performance differ for male-owned and female-owned firms. Using...

During the past two decades, many countries have embarked on a path of developing their financial markets, strengthening their technological base and stabilizing their economies. This paper finds that financial development and investment in information and communications technology (ICT) have...

This study, which is conducted in Malaysia, develops hypotheses, first to examine how the CEOs upper echelon variables, leadership style and belief in budgetary participation influences their organizational commitment, and then examines if these same explanatory variables help predict high firm...

Managerial delegation is essential for firm growth. While firms in poor countries often shun outside managers and instead recruit among family members, the pattern is quite the opposite for firms in rich countries. In this paper, we ask whether these differences in managerial delegation have...

The increasing globalization of markets and businesses is playing a major role on the pace at which small and medium enterprises (SMEs) internationalize. Within this context, the relationship between entrepreneurial orientation and the internationalization of SMEs in developing countries is an...