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Traditionally female entrepreneurs report difficulties or higher costs in accessing bank credit. These difficulties can be either the result of supply side discrimination, or the lower profitability of female-owned firms than male-owned ones. This paper aims at analyzing gender differences in...
Persistent link: https://www.econbiz.de/10010587850
The paper analyzes the role of guarantees on loan interest rates before and during the recent financial crisis in Italian firm financing. The paper improves on existing literature by distinguishing between real and personal guarantees. Further, the paper investigates the potential different role...
Persistent link: https://www.econbiz.de/10010538752
This paper investigates the impact of the interaction between product, labor and financial market imperfections on firms’ investment by using a panel data of European firms over the period 1994-2008. It studies the impact of product and labor market regulations on firm investment and how it...
Persistent link: https://www.econbiz.de/10010702104
This paper analyses how financial and labor market imperfections jointly influence investment. The contemporaneous presence of imperfections gives rise to a negative correlation between EPL and investment. Our results support the policies promoted by European institutions to reform both markets.
Persistent link: https://www.econbiz.de/10005296406
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Persistent link: https://www.econbiz.de/10008890361
Start-ups increasingly find the prospect of university-industry collaborations to be a powerful driver of innovation and entrepreneurship activity. Moreover, at the geographical level, they are attracted by teaching and research institutions, either public or private. This paper focuses on the...
Persistent link: https://www.econbiz.de/10011183215
In this paper we present a simple model of university-industry collaborations with heterogeneous agents, which is the standard case of technology transfer. We study the characteristics of the matching process, that makes this exchange in technology transfer either efficient or unfeasible. We...
Persistent link: https://www.econbiz.de/10011183218
This paper analyzes the joint impact of tax evasion and the inefficiency of the legal system on firms’ financial constraints. We find that both variables have a statistically significant effect on the difficulties that firms encounter when trying to access financing and this effect is...
Persistent link: https://www.econbiz.de/10010540154
In this paper we develop a model of pollution control which maximizes the present value of net social benefits. We show that the presence of an upper constraint on emissions affects the pollution control even when emissions are far below the level where the constraint binds. We get three main...
Persistent link: https://www.econbiz.de/10010617527