Coverart for item
The Resource The missing link between financial constraints and productivity, prepared by Marialuz Moreno-Badia and Veerle Slootmaekers

The missing link between financial constraints and productivity, prepared by Marialuz Moreno-Badia and Veerle Slootmaekers

Label
The missing link between financial constraints and productivity
Title
The missing link between financial constraints and productivity
Statement of responsibility
prepared by Marialuz Moreno-Badia and Veerle Slootmaekers
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
The global financial crisis has reopened the debate on the potential spillover effects from the financial sector to the real economy. This paper adds to that debate by providing new evidence on the link between finance and firm-level productivity, focusing on the case of Estonia. We contribute to the literature in two important respects: (i) we look explicitly at the role of financial constraints; and (ii) we develop a methodology that corrects for the misspecification problems of previous studies. Our results indicate that young and highly indebted firms tend to be more financially constrained. Overall, a large number of firms shows some degree of financial constraints, with firms in the primary sector being the most constrained. More importantly, we find that financial constraints do not lower productivity for most sectors
Member of
Action
digitized
Cataloging source
CUS
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Moreno Badia, Marialuz
Government publication
international or intergovernmental publication
Illustrations
illustrations
Index
no index present
Language note
English
LC call number
HG3810 ONLINE
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Slootmaekers, Veerle
  • International Monetary Fund
Series statement
IMF Working Paper,
Series volume
WP/09/72
http://library.link/vocab/subjectName
  • Business enterprises
  • Business enterprises
  • Estonia
Label
The missing link between financial constraints and productivity, prepared by Marialuz Moreno-Badia and Veerle Slootmaekers
Instantiates
Publication
Copyright
Bibliography note
Includes bibliographical references (pages 36-39)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • I. Introduction; II. Data and Stylized Facts; III. Measuring Financial Constraints; A. Euler Equation Approach; B. Empirical Model; C. Estimation Issues; D. Results on Financial Constraints; IV. Relating Productivity to Financial Constraints; V. Results; A. Baseline Results; B. Robustness Checks; VI. Conclusions; Tables; 1. Ownership Structure; 2. Number of Firms by Year and Industry, 1997-2005; 3. Summary Statistics; 4. Euler Equation Specification, Estimated Using System GMM; 5. Magnitude and Distribution of Financing Constraints by Sector
  • 6. Correlation between Financial Constraints and Other Firm Characteristics7. Baseline Results, by Industry; 8. Robustness Checks; Figures; 1. Size Distribution; 2. Entry and Exit Rates, 1997-2005; 3. Sales per worker, 1997-2205; 4. Capital Intensity, 1997-2005; 5. Investment Ratio, 1997-2005; 6. Mean Financial Constraints by Industry, 1998-2005; Appendices; A. Data Sources and Definitions; B. Euler Equation Specification; C. Estimating Total Factor Productivity; References
Control code
645215088
Dimensions
unknown
Extent
1 online resource (39 pages)
Form of item
online
Isbn
9786612842931
Issn
2227-8885
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781451916546.001
Other physical details
color illustrations
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • imfWPIEA2009072
  • (IMF)WPIEA2009072
  • (OCoLC)645215088
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Label
The missing link between financial constraints and productivity, prepared by Marialuz Moreno-Badia and Veerle Slootmaekers
Publication
Copyright
Bibliography note
Includes bibliographical references (pages 36-39)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • I. Introduction; II. Data and Stylized Facts; III. Measuring Financial Constraints; A. Euler Equation Approach; B. Empirical Model; C. Estimation Issues; D. Results on Financial Constraints; IV. Relating Productivity to Financial Constraints; V. Results; A. Baseline Results; B. Robustness Checks; VI. Conclusions; Tables; 1. Ownership Structure; 2. Number of Firms by Year and Industry, 1997-2005; 3. Summary Statistics; 4. Euler Equation Specification, Estimated Using System GMM; 5. Magnitude and Distribution of Financing Constraints by Sector
  • 6. Correlation between Financial Constraints and Other Firm Characteristics7. Baseline Results, by Industry; 8. Robustness Checks; Figures; 1. Size Distribution; 2. Entry and Exit Rates, 1997-2005; 3. Sales per worker, 1997-2205; 4. Capital Intensity, 1997-2005; 5. Investment Ratio, 1997-2005; 6. Mean Financial Constraints by Industry, 1998-2005; Appendices; A. Data Sources and Definitions; B. Euler Equation Specification; C. Estimating Total Factor Productivity; References
Control code
645215088
Dimensions
unknown
Extent
1 online resource (39 pages)
Form of item
online
Isbn
9786612842931
Issn
2227-8885
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781451916546.001
Other physical details
color illustrations
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • imfWPIEA2009072
  • (IMF)WPIEA2009072
  • (OCoLC)645215088
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

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