Household debt is a critical component of family financial management, especially considering the prevalence of credit constraints. This study investigates the determinants of Chinese household debt structure, focusing on the choice between formal and informal borrowing and the proportion of...

This study provides the first empirical assessment of the causal impact of bureaucratic corruption on firms' financial constraints in Nigeria by calculating treatment effects using linear and non-linear estimators to account for potential heterogeneous treatment effects across firm groups....

Research on government procurement emphasizes its positive impacts, while paying insufficient attention to the risks posed by government arrears. We show that the implementation of China's Special Supervision Action for Repaying Government Arrears significantly enhances employee treatment,...

We consider an economy with overlapping generations of relatively patient consumers who live for two periods. There is within-cohort heterogeneity in old-age endowments that depends on an aggregate state. That state is independent and identically distributed across generations. We assume...

Based on data from the China Household Finance Survey (CHFS) conducted in 2019, this paper conducted an in-depth study on the impact and mechanism of financial attention on household consumption upgrading. The study found that an increase in financial attention can help to promote household...

This paper studies the role of capacity utilisation in explaining investment behaviour in Italian SMEs and large firms. We propose a framework in which firms with high capacity utilisation are more likely to invest in maintaining a buffer against future shocks. Using firm-level data from the...

This paper assesses the effectiveness and public finance implications of the German debt brake, a constitutional balanced budget rule introduced in 2009 that aims to ensure a sustainable path of public indebtedness. In order to estimate its causal effects, our paper employs a synthetic control...

Against the backdrop of tightened credit conditions, external financing constraints have increasingly become an important factor affecting enterprises' high-quality development. This study focuses on the impact of financing constraints on the high-quality development of Chinese listed firms and...

This paper studies the impact of Thailand's One-Million-Baht Village Fund program on easing constraints on business development for households in northern Thailand. The macroscale implementation of the Village Fund program provides sufficient exogenous variation in microcredit per household...

This paper estimates the causal effect of financial constraints on the short-term performance of Finnish SMEs using survey data from 2016-2024 and propensity score matching (PSM). We examine six outcomes: turnover, employment, investment, profitability, solvency, and innovation, and report...

This paper studies the firm-level impact of the world’s largest targeted capital import subsidy program implemented in China. Drawing on rich manufacturing firm survey data, product-level trade transactions, and a comprehensive list of capital goods eligible for subsidies, we exploit variation...