Firm Productivity, innovation and Financial Development - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Firm Productivity, innovation and Financial Development write by Ms.Genevieve Verdier. This book was released on 2010-02-01. Firm Productivity, innovation and Financial Development available in PDF, EPUB and Kindle. How do firm-specific actions-in particular, innovation-affect firm productivity? And what is the role of the financial sector in facilitating higher productivity? Using a rich firm-level dataset, we find that innovation is crucial for firm performance as it directly and measurably increases productivity. Moreover, its effects on productivity are mediated through the financial sector; firms reap the maximum benefits from innovation in countries with well-developed financial sectors. This effect is particularly important for firms in high-tech sectors, which typically have higher external financing needs.
Measuring Entrepreneurial Businesses
Measuring Entrepreneurial Businesses - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Measuring Entrepreneurial Businesses write by John Haltiwanger. This book was released on 2017-09-21. Measuring Entrepreneurial Businesses available in PDF, EPUB and Kindle. Measuring Entrepreneurial Businesses: Current Knowledge and Challenges brings together and unprecedented group of economists, data providers, and data analysts to discuss research on the state of entrepreneurship and to address the challenges in understanding this dynamic part of the economy. Each chapter addresses the challenges of measuring entrepreneurship and how entrepreneurial firms contribute to economies and standards of living. The book also investigates heterogeneity in entrepreneurs, challenges experienced by entrepreneurs over time, and how much less we know than we think about entrepreneurship given data limitations. This volume will be a groundbreaking first serious look into entrepreneurship in the NBER's Income and Wealth series.
Firm Innovation and Productivity in Latin America and the Caribbean
Firm Innovation and Productivity in Latin America and the Caribbean - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Firm Innovation and Productivity in Latin America and the Caribbean write by Inter-American Development Bank. This book was released on 2016-07-01. Firm Innovation and Productivity in Latin America and the Caribbean available in PDF, EPUB and Kindle. This volume uses the study of firm dynamics to investigate the factors preventing faster productivity growth in Latin America and the Caribbean, pushing past the limits of traditional macroeconomic analyses. Each chapter is dedicated to an examination of a different factor affecting firm productivity - innovation, ICT usage, on-the-job-training, firm age, access to credit, and international linkages - highlighting the differences in firm characteristics, behaviors, and strategies. By showcasing this remarkable heterogeneity, this collection challenges regional policymakers to look beyond one-size-fits-all solutions and create balanced policy mixes tailored to distinct firm needs. This book is open access under a CC BY-NC-ND 3.0 IGO license.
financial development and innovation in small firms
financial development and innovation in small firms - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook financial development and innovation in small firms write by Sharma. This book was released on 2007. financial development and innovation in small firms available in PDF, EPUB and Kindle. Abstract: This paper uses firm level data from a cross-section of 57 countries to study how financial development affects innovation in small firms. The analysis finds that relative to large firms in the same industry, spending on research and development by small firms is more likely and sizable in countries at higher levels of financial development. The estimates imply that among firms doing research and development in a country like Romania, which is at the 20th percentile of financial development, a 1 standard deviation decrease in firm size is associated with a decrease of 0.7 standard deviations in research and development spending. In contrast, this decrease is only 0.2 standard deviations in a country like South Africa, which is at the 80th percentile of the distribution of financial development. Small firms also report producing more innovations per unit of research and development spending than large firms, and this gap is narrower in countries at higher levels of financial development. As a robustness check, the author shows that these patterns are stronger in industries inherently more reliant on external finance.
Quantifying the Impact of Financial Development on Economic Development
Quantifying the Impact of Financial Development on Economic Development - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Quantifying the Impact of Financial Development on Economic Development write by Jeremy Greenwood. This book was released on 2010-10. Quantifying the Impact of Financial Development on Economic Development available in PDF, EPUB and Kindle. How important is financial development for economic development? A costly state verification model of financial intermediation is presented to address this question. The model is calibrated to match facts about the U.S. economy, such as intermediation spreads and the firm-size distribution for the years 1974 and 2004. It is then used to study the international data, using cross-country interest-rate spreads and per-capita GDP. The analysis suggests that a country like Uganda could increase its output by 140 to 180 percent if it could adopt the world's best practice in the financial sector. Still, this amounts to only 34 to 40 percent of the gap between Uganda's potential and actual output. Charts and tables.
