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strengthening efforts and insolvency regime reform would contribute to breaking the shackles on potential growth in Europe … bank health and the consequences for aggregate productivity in 11 European countries. Controlling for cyclical effects, the … Europe may at least partly stem from bank forbearance. The increasing survival of zombie firms congests markets and …
Persistent link: https://www.econbiz.de/10012892781
strengthening efforts and insolvency regime reform would contribute to breaking the shackles on potential growth in Europe … bank health and the consequences for aggregate productivity in 11 European countries. Controlling for cyclical effects, the … Europe may at least partly stem from bank forbearance. The increasing survival of zombie firms congests markets and …
Persistent link: https://www.econbiz.de/10013322215
strengthening efforts and insolvency regime reform would contribute to breaking the shackles on potential growth in Europe. … bank health and the consequences for aggregate productivity in 11 European countries. Controlling for cyclical effects, the … Europe may at least partly stem from bank forbearance. The increasing survival of zombie firms congests markets and …
Persistent link: https://www.econbiz.de/10012142084
We provide evidence that a weak banking sector has contributed to low productivity growth following the European … natural experiment to study the effects of reduced bank capital adequacy on productivity. Affected banks respond not only by … the resulting increase in factor misallocation accounts for 20% of the decline in productivity in Portugal in 2012 …
Persistent link: https://www.econbiz.de/10012889191
We provide evidence that a weak banking sector has contributed to low productivity growth following the European … natural experiment to study the effects of reduced bank capital adequacy on productivity. Affected banks respond not only by … the resulting increase in factor misallocation accounts for 20% of the decline in productivity in Portugal in 2012. …
Persistent link: https://www.econbiz.de/10012142072
This article takes advantage of access to confidential matched bank-firm data relative to the Belgian economy to investigate how employment decisions of small- and medium-sized enterprises (SMEs) have been affected by credit constraints in the wake of the Great Recession. Variability in banks'...
Persistent link: https://www.econbiz.de/10012940882
This paper aims at investigating the relationship between firms' profit efficiency, access to finance and innovation activities. We enrich our understanding on firms' performance by adopting the stochastic frontier approach (SFA), which allows us to estimate profit functions and to obtain...
Persistent link: https://www.econbiz.de/10012831402
We study the relation between firms financial structure, access to external finance and labor productivity using a … to estimate the direct impact of access to finance to firm-level productivity. We find negative and significant effects … estimated loss of around 21% of their labor productivity. In addition, each country would gain on average between one and two …
Persistent link: https://www.econbiz.de/10013019618
Using comparable survey data from twelve European countries from 1994 to 2001 we investigate households' attitudes towards mortgage indebtedness. We find that a given debt burden creates much higher distress in countries with fewer mortgage holders relative to countries where a significant part...
Persistent link: https://www.econbiz.de/10013147952
Network (CompNet). The new database provides information on the distribution of labour productivity, TFP, ULC or size of firms …, within each industry, but also their joint analysis with the productivity of the firm provides critical insights to both … productivity developments and its drivers. For instance, by using covariances between productivity and employment the paper shows …
Persistent link: https://www.econbiz.de/10013026277