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Capital market financing, firm growth, and firm size distribution

Didier, Tatiana; Levine, Ross; Schmukler, Sergio L. - 2016

How many and which firms issue equity and bonds in domestic and international markets, how do these firms grow relative to non-issuing firms, and how does firm performance vary along the firm size distribution (FSD)? To evaluate these questions, we construct a new dataset by matching data on...

Persistent link: https://www.econbiz.de/10011974670

Finance and economic growth in OECD and G20 countries

Cournède, Boris; Denk, Oliver - 2015

This paper shows that finance has been a key ingredient of long-term economic growth in OECD and G20 countries over the past half-century, but that there can be too much finance. The evidence indicates that at current levels of household and business credit further expansion slows rather than...

Persistent link: https://www.econbiz.de/10011399476

Finance and economic growth : financing structure and non-linear impact

Benczúr, Péter; Karagiannis, Stylianos; Kvedaras, … - 2017

at the impact of certain financing components separately or using ratios, which may bias the estimation and lead to … study shows that the finding of a non-linear, hump-shaped impact of financing on economic growth is robust to controlling … for financing composition in terms of the sources (bank credit, debt securities, stock market) and the recipients of …