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Ample evidence from micro data suggests that productivity at establishment level is dominated by idiosyncratic factors. The productivity differences across establishments are very large and persistent even with the narrowest definition of industries. There is an attempt to identify sources of...
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We review the literature on financial constraints and the performance of small and medium enterprises (SMEs). We consider the important role that SMEs play in the economies of Australia and the Organisation for Economic Cooperation and Development. We examine the role of financial constraints in...
Persistent link: https://www.econbiz.de/10012180129
We study the relationship between financing constraints and the work- force composition of firms that employ both casual and non-casual workers. We use data on Australian firms from 2009-2014 and a more direct measure of firm financial constraint than previous studies. We show that the...
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This paper studies the role of efficiency in a firm's decision to contract out. Emphasis is on the heterogeneous nature of firms and when firms are only considering outsourcing to domestic suppliers. Firm-level data on Australian manufacturing reveal an ordering of efficiency between firms that...
Persistent link: https://www.econbiz.de/10013066855
This paper investigates whether financial assistance from Australian state and federal governments to private firms facilitates their access to external financing. Findings show that government assistance affects firms through increasing their propensity to seek financing and further by...
Persistent link: https://www.econbiz.de/10012926378
This paper sheds new light on the forces shaping outsourcing decision by considering a certain form of non-linearity in overhead costs which effectively discretizes a firm's size into small and large regimes. Extending Grossman & Helpman (2002) in this line shows that firms unable to fully...
Persistent link: https://www.econbiz.de/10013112472