This paper tests some of the main hypotheses about the importance of horizontal clusters for the growth of employment in small firms using data from Computing Services in Great Britain. In the main section of the paper, spatial econometric models are estimated controlling for supply- and...

The unique structure of syndicated lending results in information asymmetries within the lending syndicate between banks of varying degrees of seniority. While previous studies have attempted to use indirect proxy measures to capture the effects of such information asymmetries, in this paper we...

We investigate ownership effects on capital adjustment in China from 2000 - 2012 and find that state-owned banks hold higher capital than other ownership types. Foreign banks are more highly capitalized than local non-state banks but under-capitalized compared with bigger non-state banks with a...