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ICT adoption in micro and small firms : can internet access improve labor productivity?

Viollaz, Mariana - 2017

This paper analyzes the impact of internet adoption on labor productivity in Peruvian micro and small manufacturing firms over the period 2011-2013. Instrumental variables estimates show that internet adoption: (i) increases firms' labor productivity; (ii) reallocates employment away from...

Persistent link: https://www.econbiz.de/10011782094

The effects of size-based regulation on small firms : evidence from VAT threshold

Harju, Jarkko; Matikka, Tuomas; Rauhanen, Timo - 2016

There is only limited evidence of how small firms respond to size-based regulations applied in various countries. We study this question by examining the value-added tax (VAT) threshold in Finland. We find sizable bunching of firms in the sales distribution just below the exemption threshold,...

Persistent link: https://www.econbiz.de/10011544333

Supply chain finance and SMEs : evidence from international factoring data

Auboin, Marc; Smythe, Harry; Teh, Robert - 2016

The unbundling of trade across regions offers unique opportunities for SMEs to integrate into global trade notably … challenge for SMEs to accessing financing remains an important one; in many developing and emerging market economies, the … factoring has a positive effect in allowing SMEs to access international trade, in countries in which it is available. Factoring …

Persistent link: https://www.econbiz.de/10011521813

Making (small) firms happy : the heterogeneous effect of trade facilitation measures

Fontagné, Lionel; Orefice, Gianluca; Piermartini, Roberta - 2016

This paper considers the asymmetric effect of Trade Facilitation Agreement (TFA) policies on heterogeneous exporters, based on matching a detailed panel of French firm exports to a new database of Trade Facilitation Indicators (TFIs) released recently by the Organisation for Economic Cooperation...

Persistent link: https://www.econbiz.de/10011475032

Small firms and domestic bank dependence in Europe's Great Recession

Hoffmann, Mathias; Maslov, Egor; Sørensen, Bent E. - 2019

Small businesses (SMEs) depend on banks for credit. We show that the severity of the Eurozone crisis was worse in … banks while foreign banks' lending to the real sector stayed flat. Hence, SMEs remained dependent on domestic banks and were … sectors and countries with many SMEs vulnerable to global banking shocks. …

Persistent link: https://www.econbiz.de/10012119808

Local capital scarcity and small firm growth : evidence from real estate booms in China

Hau, Harald; Ouyang, Difei - 2019

In geographically segmented credit markets, local real estate booms can deteriorate the funding conditions for small manufacturing firms and undermine their competitiveness. Using exogenous variation in the administrative land supply across 172 Chinese cities, we show that higher predicted real...

Persistent link: https://www.econbiz.de/10012120233

Gender, access to finance, occupational choice, and business performance

Gazanchyan, Nelli S.; Hashimzade, Nigar; Rodionova, Yulia; … - 2017

We present a theoretical and empirical analysis of the links between the gender of an entrepreneur, access to finance, occupational choice, and business performance. Our theoretical model predicts that, when lenders discriminate against women entrepreneurs, the average entrepreneurial skill of...

Persistent link: https://www.econbiz.de/10011610923

Uncertainty and the employment dynamics of small and large businesses

Ghosal, Vivek; Ye, Yang - 2014

We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based on the survey of professional forecasters, and regression-based forecasting models for GDP growth, inflation, S&P500 stock price index, and fuel prices. Our results indicate...

Persistent link: https://www.econbiz.de/10010428770

The impact of peer-to-peer lending on small business loans

Kim, Jin-hyuk; Stähler, Frank - 2020

We investigate the impact of peer-to-peer lending on the small business loans originated by US depository institutions that are subject to the Community Reinvestment Act. We present a model where a borrower can choose between a traditional bank and a crowdlending platform and show that the entry...

Persistent link: https://www.econbiz.de/10012212849

Protecting investors in equity crowdfunding : an empirical analysis of the small investor protection act

Göthner, Maximilian; Hornuf, Lars; Regner, Tobias - 2020

During the past decade, equity crowdfunding (ECF) has emerged as an alternative funding channel for startup firms. In Germany, the Small Investor Protection Act became binding in July 2015, with the legislative goal to protect investors engaging in this new asset class. Since then, investors...

Persistent link: https://www.econbiz.de/10012226836