Financial leverage and labor productivity in microfinance co-operatives in Tanzania

Productivity and efficiency analysis of horticultural co-operatives

Development of the horticultural sector in the Mediterranean agricultural areas of Spain is closely linked to the activity of co-operative organisations for the production and marketing of produce. These entities are especially important in finding answers to current demand requirements in the food market, bearing in mind the small family-scale nature of many of the farm enterprises in this sec...

Member Value in Co-operatives

Until today there is a research gap considering the question, what motivates a member to enter or leave a co-op, resp. what are the reasons to stay in a co-operative. The majority of studies about this topic mainly focus on economic factors and the rational behavior of the member. However, co-ops also have other purposes not associated with financial goals. The presented paper is proposing a ne...

Microfinance and Financial Development

Leverage and Productivity

Financial frictions can reduce aggregate productivity, in particular when firms with high productivity cannot borrow against their profits. This paper investigates the quantitative importance of this form of borrowing constraint using a large panel of firms in Japan. The firms are young and unlisted, precisely the firms for which credit frictions are expected to be the most severe. In this data...

Productivity Investment and Labor Force Participation in Search Equilibrium

The present paper contributes to the theoretical analysis of the human capital investment and participation decision of heterogeneous workers in the search and matching framework‎. ‎Its aim is to characterize the equilibrium and to identify the efficiency‎. ‎Here‎, the paper studies search equilibrium and matching to consider the participation decision of heterogeneous workers who have differen...