Stunted Growth: Why Don't African Firms Create More Jobs?
نویسندگان
چکیده
منابع مشابه
Stunted Growth: Why Don’t African Firms Create More Jobs?
Many countries in Africa suffer high rates of underemployment or low rates of productive employment; many also anticipate large numbers of people to enter the workforce in the near future. This paper asks the question: Are African firms creating fewer jobs than those located elsewhere? And, if so, why? One reason may be that weak business environments slow the growth of firms and distort the al...
متن کاملWhy are firms that raise more financing worth more?
I study the financing decisions of firms going public. I find that, all else equal, firms that raise more financing are worth more, and I consider potential explanations for this finding. I provide evidence that raising more financing leads to greater investor recognition, as proxied by better underwriting services, greater liquidity, and greater investor interest, and thereby increases firm va...
متن کاملWhy Do North African Firms Engage in Corruption?
This paper empirically analyzes the main microeconomic determinants of two forms of corruption supply, administrative corruption and state capture, by Maghrebi firms. This study is based on a new database of near 600 Algerian, Moroccan and Tunisian firms. I show that tax evasion is a major factor of the engagement of firms in administrative corruption. The latter increases with the share of sal...
متن کاملWhy More West than East German Firms Export
Why More West than East German Firms Export Using unique new data and a recently introduced non-linear decomposition technique this paper shows that the huge difference in the propensity to export between West and East German plants is to a large part due to differences in firm size and human capital intensity. JEL Classification: F14
متن کاملWhy do socially responsible firms pay more dividends?
Using a sample of 22,389 US firm-year observations over the period from 1991 to 2012, we find that high CSR firms pay more dividends than low CSR firms. This is consistent with our expectation that socially responsible firms may use the dividend policy to manage the agency problems related to overinvestment in CSR. The analysis of individual components of CSR provides strong support for this ma...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2014
ISSN: 1556-5068
DOI: 10.2139/ssrn.2390897