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Finance, firm size and growth

Beck,T.H.L.
; 
Demirgüc-Kunt,A.
; 
Laeven,L.
; 
Levine,R.
Abstract
Although research shows that financial development accelerates aggregate economic growth, economists have not resolved conflicting theoretical predictions and ongoing policy disputes about the cross-firm distributional effects of financial development. Using cross-industry, cross-country data, the results are consistent with the view that financial development exerts a disproportionately positive effect on small firms. These results have implications for understanding the political economy of financial sector reform.
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2008
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Tilburg University Research Output Collection
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small_firm_industry_feb05.pdf
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Beck, T H L, Demirgüc-Kunt, A, Laeven, L & Levine, R 2008, 'Finance, firm size and growth', Journal of Money Credit and Banking, vol. 40, no. 7, pp. 1379-1405. < http://hdl.handle.net/10411/15986 >
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https://hdl.handle.net/20.500.14602/49648
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info:eu-repo/semantics/restrictedAccess
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