This study analyzes the difference in the decline in sales between small and medium-size enterprises and large firms (the "gap”) following the outbreak of COVID-19 in 19 developing countries. The decline in sales as a percentage of the pre-pandemic level was bigger for small and medium-size...

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...

This study compares the relative importance of fourteen sources of product and process innovations based on responses by 235 professional R&D workers in small and large technology-based firms. Participants included 121 R&D engineers working in SMEs and 114 engineers working in large firms, all...

This paper presents an analysis of the effects that Austria's accession to the EU had on several key financial ratios of small business firms in the retail and wholesale trade sectors. These two industries were selected because before 1995 they were protected in many respects, thus vulnerable to...

Current theoretical and empirical research suggests that small banks have a comparative advantage in processing soft information and delivering relationship lending. The most comprehensive analysis of this view found using U.S. data that smaller SMEs borrow from smaller banks and smaller banks...

The employment effect of large firms on small firms has rarely been studied. Using establishment data in Japan, this study examines firms with the top 1% of sales, comparing the effect of such firms with many employees (more than the small- and medium-sized enterprise thresholds or 1000...

This paper studies the relationship between environmental innovations and firms' financial performance from the perspective of environmental activism intensity. We explore how the number of green patents affects the financial performance of small, medium, and large firms and whether the growing...