Finance, Firm Size, and Growth
Tufts University · University of Minnesota · +8 more institutions
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.
Citation impact
- FWCI
- 38.94
- Percentile
- 100%
- References
- 70
Authors
4- TBThorsten BeckCorresponding
Tufts University, University of Minnesota, International Monetary Fund, World Bank, City, University of London, University of Utah, World Bank Group, New York University
- ADAsli Demirgüç‐KuntCorresponding
Tufts University, University of Minnesota, International Monetary Fund, World Bank, City, University of London, University of Utah, World Bank Group, New York University
- LLLuc LaevenCorresponding
Tufts University, University of Minnesota, International Monetary Fund, World Bank, City, University of London, University of Utah, European Corporate Governance Institute, New York University
- RLRoss LevineCorresponding
Tufts University, University of Minnesota, International Monetary Fund, National Bureau of Economic Research, World Bank, City, University of London, University of Utah, New York University
Topics & keywords
- Economics
- Financial sector
- Politics
- Cross country
- Financial sector development
- Finance
- Geography of finance
- Monetary economics
- Decent work and economic growth