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 …

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 …

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 …

credit. We find that, for employment, household access to bank loans matters more than firm access to bank loans. In addition …, consumer installment loans may have contributed significantly to the drop in employment in the manufacturing sector …