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Matching for credit : identifying information asymmetries in joint-liability lending
Klein, Thilo - 2024
Microcredit, a financial tool providing uncollateralized loans to low-income individuals, has seen a shift from joint-liability (JL) to individual liabil- ity (IL) lending models. This article tests a theory explaining this shift, focusing on borrowers matching into groups exposed to similar...
Persistent link: https://www.econbiz.de/10015271329
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Uncertainty, misallocation and the life-cycle growth of firms
Mäkynen, Eero; Vähämaa, Oskari - 2021
We develop a measure of static misallocation that separates uncertainty from misallocation generated by tax …-like distortions. In the Finnish firm-level data, uncertainty accounts for the majority of ex post misallocation and explains a strong … suppresses output by 38%, while misallocation has a 26% negative effect on output. …
Persistent link: https://www.econbiz.de/10012583062
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Natural resources, export concentration and financial development
Hattendorff, Christian - 2014
Recent studies indicate that the natural resource curse, that is, the negative link between resource abundance and growth, may operate through a country’s financial system. Scholars show that resource-abundant economies suffer from lower financial development, which may indirectly affect...
Persistent link: https://www.econbiz.de/10010433904
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Risk sharing and the demand for insurance : theory and experimental evidence from Ethiopia
Berg, Erlend; Blake, Michael; Morsink, Karlijn - 2020
Persistent link: https://www.econbiz.de/10012820713
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Wages and productivity growth in a dynamic oligopoly
Bester, Helmut; Milliou, Chrysovalantou; Petrakēs, … - 2009
This paper studies the innovation dynamics of an oligopolistic industry. The firms compete not only in the output market but also by engaging in productivity enhancing innovations to reduce labor costs. Rent sharing may generate productivity dependent wage differentials. Productivity growth...
Persistent link: https://www.econbiz.de/10003942451
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Uncertainty, misallocation and the life-cycle growth of firms
Mäkynen, Eero; Vähämaa, Oskari - 2021
We develop a measure of static misallocation that separates uncertainty from misallocation generated by tax …-like distortions. In the Finnish firm-level data, uncertainty accounts for the majority of ex post misallocation and explains a strong … suppresses output by 38%, while misallocation has a 26% negative effect on output. …
Persistent link: https://www.econbiz.de/10013394369
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Linking savings behavior, confidence and individual feedback : a field experiment in Ethiopia
Avdeenko, Alexandra; Bohne, Albrecht; Frölich, Markus - 2019
risk-lovingness and present-biasedness. Remarkably, the effect of our personalized feedback is particularly strong for …
Persistent link: https://www.econbiz.de/10012126111
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Gendered access to finance : the role of team formation, idea quality, and implementation constraints in business evaluations
Bartoš, Vojtěch; Castro, Silvia; Czura, Kristina; … - 2023
We analyze gender discrimination in entrepreneurship finance. Access to finance is crucial for entrepreneurial success, yet constraints for women are particularly pronounced. We structurally unpack whether loan officers evaluate business ideas and implementation constraints differently for male...
Persistent link: https://www.econbiz.de/10014477359
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Strapped for cash: the role of financial constraints for innovating firms
Bøler, Esther Ann; Moxnes, Andreas; Ulltveit-Moe, … - 2023
Persistent link: https://www.econbiz.de/10014229890
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Climate protection potentials of digitalized production processes : microeconometric evidence?
Axenbeck, Janna; Niebel, Thomas - 2021
Although information and communication technologies (ICT) consume energy themselves, they are considered to have the potential to reduce overall energy intensity within economic sectors. While previous empirical evidence is based on aggregated data, this is the first large-scale empirical study...
Persistent link: https://www.econbiz.de/10012816326