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We examine how regional-level political influence affects firm financial performance and survival. Combining representative survey data on mid-sized manufacturing firms in Russia with official registry data, we find that politically influential firms exhibit higher profitability and retain...
Persistent link: https://www.econbiz.de/10012963423
While the COVID-19 pandemic had a large and asymmetric impact on firms, many countries quickly enacted massive business rescue programs which are specifically targeted to smaller firms. Little is known about the effects of such policies on business entry and exit, factor reallocation, and...
Persistent link: https://www.econbiz.de/10013165304
While the COVID-19 pandemic had a large and asymmetric impact on firms, many countries quickly enacted massive business rescue programs which are specifically targeted to smaller firms. Little is known about the effects of such policies on business entry and exit, factor reallocation, and...
Persistent link: https://www.econbiz.de/10013166369
Has information technology improved small businesses' credit access by hardening the information used in loan underwriting and reducing the importance of lender proximity? Previous research, pointing to increasing average lending distances, suggests that it has. Using over 20 years of Community...
Persistent link: https://www.econbiz.de/10012833670
This paper assesses the public guarantee scheme for small businesses approved in Italy during the Covid-19 pandemic. In April 2020 the Italian government introduced a free 100% government guarantee on loans below €25.000 that requires no credit approval by banks. Using loan-level data from the...
Persistent link: https://www.econbiz.de/10012833691
We examine whether Title II of the JOBS Act increases small firms' access to capital. Title II allows firms to sell securities via general solicitations to accredited investors. We find that firms that offer securities via general solicitation tend to be of lower quality. After accounting for...
Persistent link: https://www.econbiz.de/10012833928
This paper takes an early look at the Paycheck Protection Program (PPP), a large and novel small business support program that was part of the initial policy response to the COVID-19 pandemic. We use new data on the distribution of the first round of PPP loans and high-frequency micro-level...
Persistent link: https://www.econbiz.de/10012835846
We study the impact of corporate taxes on firm-level investments, total output and input usage by exploiting a 4.5 percentage-point corporate tax rate cut in Finland in 2014. We use detailed administrative data and a differences-in-differences method comparing small corporations (tax rate cut)...
Persistent link: https://www.econbiz.de/10012839949
promotion programs for SME development. This research aims to examine those issues with Indonesian data. As a means to address … government development expenditure (in which part of it is used to finance SME development promotion programs) have positive … correlations with SME share in GDP. With this finding, the research argues that SME in LDCs have a chance to survive and even to …
Persistent link: https://www.econbiz.de/10012723483
examines the Commission's strategy for overcoming information barriers to SME investment. By acting in this area, the …
Persistent link: https://www.econbiz.de/10012961758