This paper analyzes the effects of a firm-size dependent law, on the Mexican economy which includes a small taxpayers’ regime known in Mexico as the Repecos regime. It looks for effects on macroeconomic variables and on the industrial structure, on the proportion of small firms in the economy,...

I estimate the effect micro firms' size and productivity have on the probability of becoming a discouraged borrower: firms that do not use credit from the formal financial system despite needing it. I also estimate the effect that size and productivity have on the probability of becoming...

The subject of the capital structure decision of firms has been thoroughly studied both theoretically and empirically. This paper adds to the existing literature by examining a number of hypotheses relating to the capital structure decision in relation to the firms' size, namely by...

This paper analyses the role of lending technologies and banking relationships on firms' credit access in Italy. Using EFIGE firm-level data, we show that the depth and strength of firm-bank relationships have heterogeneous effects on credit demand and rationing probabilities depending on the...

The main objective of this paper is to understand how the changes in the macroeconomic conditions (the global financial crisis) relate to the investment and financial decision-making for each of the different size categories of SMEs. To do so, we use a large dataset of 764,963 observations in...

Do changes in the marginal tax rate of corporations affect their investment? Using a unique dataset on balance sheet and income of firms from 1956-2008 and a new measure of exogenous changes in corporations marginal tax rate, this paper shows that the investment response of large firms to a...