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All Banks Great, Small, and Global : Loan Pricing and Foreign Competition

de Blas, Beatriz - 2010

Can allowing foreign participation in the banking sector increase real output, despite the imperfectly competitive nature of the industry? Using a new model of heterogeneous, imperfectly competitive lenders and a simple search process, we show how endogenous markups (the net interest margin...

Persistent link: https://www.econbiz.de/10013142941

R&D and the Incentives from Merger and Acquisition Activity

Phillips, Gordon M. - 2014

We provide a model and empirical tests showing how an active acquisition market affects firm incentives to innovate and conduct R&D. Our model shows that small firms optimally may decide to innovate more when they can sell out to larger firms. Large firms may find it disadvantageous to engage in...

Persistent link: https://www.econbiz.de/10013065561

Screening Peers Softly : Inferring the Quality of Small Borrowers

Iyer, Rajkamal - 2014

The recent banking crisis highlights the challenges faced in credit intermediation. New online peer-to-peer lending markets offer opportunities to examine lending models that primarily cater to small borrowers and that generate more types of information on which to screen. This paper evaluates...

Persistent link: https://www.econbiz.de/10013070868

Micro to Macro : Optimal Trade Policy with Firm Heterogeneity

Costinot, Arnaud - 2016

The empirical observation that “large firms tend to export, whereas small firms do not” has transformed the way economists think about the determinants of international trade. Yet, it has had surprisingly little impact about how economists think about trade policy. In this paper, we...

Persistent link: https://www.econbiz.de/10012998941

Tax Policy, Venture Capital, and Entrepreneurship

Keuschnigg, Christian - 2006

The paper studies the effects of tax policy on venture capital activity. Entrepreneurs pursue a single high risk project each but have no own resources. Financiers provide equity finance. They must structure the entrepreneur's profit share and base salary to assure their incentives for full...

Persistent link: https://www.econbiz.de/10012783952

Business Practices in Small Firms in Developing Countries

McKenzie, David J. - 2015

Management has a large effect on the productivity of large firms. But does management matter in micro and small firms …

Persistent link: https://www.econbiz.de/10013016653

Measuring and Explaining Management Practices Across Firms and Countries

Bloom, Nicholas - 2014

We use an innovative survey tool to collect management practice data from 732 medium sized manufacturing firms in the …-level productivity, profitability, Tobin%u2019s Q, sales growth and survival rates. Management practices also display significant cross … tail of extremely badly managed firms. We find that poor management practices are more prevalent when (a) product market …

Persistent link: https://www.econbiz.de/10012752282

Were Small Businesses More Likely to Permanently Close in the Pandemic?

Fairlie, Robert W.; Fossen, Frank M.; Johnsen, Reid; … - 2022

Previous estimates indicate that COVID-19 led to a large drop in the number of operating businesses operating early in the pandemic, but surprisingly little is known on whether these shutdowns turned into permanent closures and whether small businesses were disproportionately hit. This paper...

Persistent link: https://www.econbiz.de/10014079933

Interfirm Relationships and Business Performance

Cai, Jing - 2017

.1 percent, and also significantly increased profit, factors, inputs, the number of partners, borrowing, and a management score … meetings improved supplier-client matching. (6) Firms whose managers discussed management, partners, or finance improved more …

Persistent link: https://www.econbiz.de/10012966933

Optimal Regulation with Exemptions

Kaplow, Louis - 2017

Despite decades of research on mechanism design and on many practical aspects of cost-benefit analysis, one of the most basic and ubiquitous features of regulation as actually implemented throughout the world has received little theoretical attention: exemptions for small firms. These firms may...

Persistent link: https://www.econbiz.de/10012946483