Relationship Lending and Employment Decisions in Firms’ Bad Times

Innovation Inputs and Outputs in Argentine Manufacturing Firms in Bad times (1998-2001) Innovation Inputs and Outputs in Argentine Manufacturing Firms in Bad times (1998-2001)

This paper aims to learn about the determinants and impacts of innovative activities on manufacturing firms’ productivity performance during 1998-2001 in Argentina, a period characterized by a long stagnation that finally led to the worst crisis in the country’s history. The results show that even in a very hostile scenario, a large number of Argentine manufacturing firms maintained their in ho...

Does banks' dual holding affect bank lending and firms' investment decisions? Evidence from China

This study investigates the effect of banks’ dual holding on bank lending and firms’ investment decisions using a sample of listed firms in China. We find that dual holding leads to easier access to bank loans, a result that is more pronounced for non-state-owned enterprises (non-SOEs) than SOEs. We also find that dual holding distorts banks’ lending decisions and harms the investment efficienc...

In the Good Times and the Bad: Shale Gas Development and Local Employment

Firms, Jobs and Employment in Moldova

The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expresse...

Bank Deposits and Relationship Lending∗

I study the role of deposit accounts in bank-firm lending relationships, using a dataset with detailed information about all Norwegian firms’ bank deposit and loan account balances. I show that firms are more likely to increase borrowing from a bank where they hold deposit accounts, and less likely to end the lending relationship. In regressions with both firm and bank fixed effects, I find tha...