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Investment climate and employment growth: the impact of access to finance, corruption and regulations across firms

Aterido, Reyes; Hallward-Driemeier, Mary; Pagés, Carmen - 2007

Using firm level data on 70,000 enterprises in 107 countries, this paper finds important effects of access to finance … systematically by firm types. Micro and small firms have less access to formal finance, pay more in bribes than do larger firms, and … downward the size distribution of firms. In the case of finance and business regulations this occurs by reducing the employment …

Persistent link: https://www.econbiz.de/10010268270

Poolability and the finance-growth nexus: A cautionary note

Schiavo, Stefano; Vaona, Andrea - 2006

The present contribution tests whether countries can be pooled when studying the finance-growth nexus. Overall, our …

Persistent link: https://www.econbiz.de/10010273103

Finance and welfare states in globalizing markets

Bertola, Giuseppe - 2007

It is theoretically clear and may be verified empirically that efficient financial markets can make it less necessary for policy to try and offset the welfare effects of labour income risk and unequal consumption dynamics. The literature has also pointed out that, since international competition...

Persistent link: https://www.econbiz.de/10010298380

Policy volatility and growth

Chong, Alberto; Gradstein, Mark - 2006

A growing body of recent macroeconomic evidence suggests that volatility is detrimental to economic growth. The channels through which volatility affects growth, however, are less clear; substantive evidence based on disaggregate data is almost non-existent. This paper offers a framework in...

Persistent link: https://www.econbiz.de/10010278247

War and the international trading system in the twentieth century

Rockoff, Hugh - 2011

Wars have been the main forces shaping the international trading system in the twentieth century. The early years of the twentieth century were dominated by the international gold standard. But as a result of World War I, this system was replaced by the troubled gold exchange standards of the...

Persistent link: https://www.econbiz.de/10010282840

The effect of changing the status of sports clubs: From association to the company

Theiri, Saliha; Medabesh, Ali; Ati, Abdessatar - In: Journal of Finance and Investment Analysis 1 (2012) 1, pp. 127-149

The ultimate goal of this study is to assess the role of intensive stock market listing of sports clubs as a source of funding. Precisely, it focuses on the effect of changing of the legal form of the clubs to a company. The sample covers the period of the sporting season form 2004-2005 to...

Persistent link: https://www.econbiz.de/10010286826