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Financial development and employment : evidence from transition countries

Schäfer, Dorothea; Steiner, Susan - 2014

This paper studies the association between a country's level of financial development and firms' employment growth. We … development affects the employment of firms with low managerial capital negatively, while firms with high managerial capital … Enterprise Performance Survey covering transition countries in Eastern Europe and Central Asia. We use firm size as a proxy for …

Persistent link: https://www.econbiz.de/10010361348

Financial Development and Employment : Evidence from Transition Countries

Schäfer, Dorothea - 2014

Persistent link: https://www.econbiz.de/10013052318

Remedial role of financial development in corporate investment amid financing constraints and agency costs

Khan, Muhammad Kaleem; He, Ying; Kaleem, Ahmad; Akram, Umair - In: Journal of business economics and management 19 (2018) 1, pp. 176-191

The study investigates the role of financial development in boosting the investment efficiency of firms' investments in China. Using a large sample of firm-level financial data and country level economic data over the period 2004-2015, present study creates a link between financial and real...

Persistent link: https://www.econbiz.de/10012174741

Investor sentiment and employment

Montone, Maurizio; Zwinkels, Remco C. J. - 2015

We find that investor sentiment should affect a firm's employment policy in a world with moral hazard and noise traders …. Consistent with the model's predictions, we show that higher sentiment among US investors leads to: (1) higher employment growth … worldwide; (2) lower labor productivity, as the growth in employment is not matched by real value added growth; and (3) positive …

Persistent link: https://www.econbiz.de/10010503991

Investment of financially distressed firms : the role of trade credit

Ferrando, Annalisa; Wolski, Marcin - 2018

We study the relationship between net trade credit and firms' investment levels, focusing on financially distressed firms. First, we introduce a theoretical model to predict the role played by net trade credit as a coordination device differentiating firms by their degree of financial distress....

Persistent link: https://www.econbiz.de/10011820889

Bank liquidity provision across the firm size distribution

Chodorow-Reich, Gabriel; Darmouni, Olivier; Luck, Stephan; … - 2020

Using loan-level data covering two-thirds of all corporate loans from U.S. banks, we document that SMEs (i) obtain much shorter maturity credit lines than large ﬁrms; (ii) have less active maturity management and therefore frequently have expiring credit; (iii) post more collateral on both...

Persistent link: https://www.econbiz.de/10012309187

Diversity across EU banking sectors : poorly researched and underappreciated

Kotz, Hans-Helmut; Schäfer, Dorothea - In: Vierteljahrshefte zur Wirtschaftsforschung 87 (2018) 4, pp. 141-151

Interest in the role of diversity in banking sectors has increased substantially since the financial crisis (and the subsequent sovereign debt crises) have hit European countries differentially. The purpose of this note is to hint at crucial research gaps in terms of appreciating consequences of...

Persistent link: https://www.econbiz.de/10012153580

Financial inclusion in Asia : an overview

Ayyagari, Meghana; Beck, Thorsten - 2015

This paper provides an analysis of financial development and inclusion in developing Asia using data from a wide array of sources. We show that in terms of aggregate measures of financial development, the region as a whole has superior banking sector depth compared to other developing regions;...

Persistent link: https://www.econbiz.de/10011346230

Financing Asia's growth

Estrada, Gemma B.; Noland, Marcus; Park, Donghyun; … - 2015

Recent key challenges highlight the need to revisit Asia's financial development. These include the region's growth slowdown since the global crisis, compounded by a less benign external environment; internal structural challenges, such as population aging; and the maturing of much of the region...

Persistent link: https://www.econbiz.de/10011305285

The financial systems of financially less developed Asian economies : key features and reform priorities

Batten, Aaron; Doung, Poullang; Enkhbold, Enerelt; … - 2015

Developing Asia's financial depth as a whole compares favorably with other parts of the developing world, but there are wide variations across subregions and economies. This paper examines the key features and reform priorities of the financial systems in Bangladesh, Cambodia, Georgia, Mongolia,...

Persistent link: https://www.econbiz.de/10011346234