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This paper investigates how job creation and destruction behavior varies by employer size in the U.S. manufacturing sector during the period 1972 to 1988. The paper also evaluates the empirical basis for conventional claims about the job-creating prowess of small businesses. The chief findings...
Persistent link: https://www.econbiz.de/10012474453
We present evidence on the cyclical behavior of small versus large manufacturing firms, and on the response of the two classes of firms to monetary policy. Our goal is to take a step toward quantifying the role of credit market imperfections in the business cycle and in the monetary transmission...
Persistent link: https://www.econbiz.de/10012475095
Recent arguments that employment growth occurs disproportionately at small establishments are fundamentally misleading because they confuse regression to the mean with structural shifts in the size distribution of establishments and with an aging effect within cohorts. The net growth usually...
Persistent link: https://www.econbiz.de/10012477121
, but productivity growth cannot fully explain the immediate effect on earnings. Instead, the data and a grantee survey are …
Persistent link: https://www.econbiz.de/10012479241
We investigate how communication within banks affects small business lending. Using travel time between a bank's headquarters and its branches to proxy for the costs of communicating soft information, we exploit shocks to these travel times to evaluate the impact of within bank communication...
Persistent link: https://www.econbiz.de/10012479821
Do increases in federal minimum wage impact the financial health of small businesses? Using intertemporal variation in whether a state's minimum wage is bound by the federal rate and credit-score data for approximately 15.2 million establishments for the period 1989-2013, we find that increases...
Persistent link: https://www.econbiz.de/10012480467
We show that since 2007, there was a large and persistent shift in the composition of lenders to small firms. Large banks impacted by the real estate prices collapse systematically contracted their credit to all small firms throughout the U.S.. However, healthy banks expanded their operations...
Persistent link: https://www.econbiz.de/10012480836
We use a new dataset consisting of the universe of Greek corporate tax returns matched to financial statements to study a voluntary tax compliance program for small firms. This "self-assessment" program prescribed target taxable profit margins for different types of activity. Firms that reported...
Persistent link: https://www.econbiz.de/10012481073
We analyze a large-scale survey of owners, managers, and employees of small businesses in the United States to … understand the effects of the early stages of the COVID-19 pandemic on those businesses. The survey was fielded in late April … businesses that had stopped operating due to the pandemic. The survey asks 136 questions covering topics such as changes in …
Persistent link: https://www.econbiz.de/10012481136
We estimate the impact of the COVID-19 crisis on business failures among small and medium size enterprises (SMEs) in seventeen countries using a large representative firm-level database. We use a simple model of firm cost-minimization and measure each firm's liquidity shortfall during and after...
Persistent link: https://www.econbiz.de/10012481180