منابع مشابه
Firm Size, Finance, and Investment
T here is something in our national consciousness that looks fondly upon the small firm. This affection for small business is not entirely unwarranted. Small firms account for an important part of economic activity.1 A vast majority of all businesses in the United States are small; over 90 percent have fewer than 20 employees. Small firms accounted for between 40 and 50 percent of GNP and over ...
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In empirical corporate finance, firm size is commonly used as an important, fundamental firm characteristic. However, no paper comprehensively assesses the sensitivity of empirical results in corporate finance to different measures of firm size. This paper fills this hole by providing empirical evidence for “measurement effect” in “size effect”. In particular, this paper studies the influences ...
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Using a comprehensive firm-level dataset spanning the period 1998-2005, this paper provides a thorough investigation of the relationship between firm size, total factor productivity growth and financial structure in China, controlling for the endogeneity of the latter. Generally, it finds financing source matters for firms of different size, and the extent to which financing source matters for ...
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This paper analyzes how an enforcement mechanism that resembles a court affects firm finance. The court is described by two parameters that correspond to enforcement costs and the amount of creditor/debtor protection. We provide a theoretical and quantitative characterization of the effect of these enforcement parameters on the contract loan rate, the default probability and welfare. We analyze...
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The objective of this study is to model and estimate the effect of financial services in the agricultural sector of Iran on the value added of this sector. Moreover, since as of 1984, the Interest Free Banking law was implemented, the effect of this change on the value added of the sector will be studied as the second objective. The model of the study consists of three tions. The volume of real...
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ژورنال
عنوان ژورنال: Journal of Money, Credit and Banking
سال: 2008
ISSN: 0022-2879,1538-4616
DOI: 10.1111/j.1538-4616.2008.00164.x