Job growth and finance : are some financial institutions better suited to the early stages of development than others.
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ArtículoIdioma: Inglés ISSN: - 02586770
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En: The World bank economic reviewResumen: This paper examines whether firms from countries in the early stage of development grow more rapidly under a bank-based system that harnesses local information than under a market-based that does not.
Instruments, 551 ; Regressions, 554 ; Interactions between firm characteristics and financial structure, 562 ; Additional robustness checks, 566 ; Mechanisms through bank finance spurts firm development, 566 ; Conclusions, 569
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Bibliografía : páginas 570-572.
Data, 546 ; Instruments, 551 ; Regressions, 554 ; Interactions between firm characteristics and financial structure, 562 ; Additional robustness checks, 566 ; Mechanisms through bank finance spurts firm development, 566 ; Conclusions, 569
This paper examines whether firms from countries in the early stage of development grow more rapidly under a bank-based system that harnesses local information than under a market-based that does not.
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