Finance, Firm Size, and Growth

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 r...

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Main Authors:	Beck, Thorsten, Demirguc-Kunt, Asli, Laeven, Luc, Levine, Ross
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Financing Policy Financial Risk and Risk Management Capital and Ownership Structure G320 Firm Performance: Size, Diversification, and Scope L250 Measurement of Economic Growth Aggregate Productivity Cross-Country Output Convergence O470
Online Access:	http://hdl.handle.net/10986/5299

id	okr-10986-5299
recordtype	oai_dc
spelling	okr-10986-52992021-04-23T14:02:21Z Finance, Firm Size, and Growth Beck, Thorsten Demirguc-Kunt, Asli Laeven, Luc Levine, Ross Financing Policy Financial Risk and Risk Management Capital and Ownership Structure G320 Firm Performance: Size, Diversification, and Scope L250 Measurement of Economic Growth Aggregate Productivity Cross-Country Output Convergence O470 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. 2012-03-30T07:32:11Z 2012-03-30T07:32:11Z 2008 Journal Article Journal of Money, Credit, and Banking 00222879 http://hdl.handle.net/10986/5299 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Financing Policy Financial Risk and Risk Management Capital and Ownership Structure G320 Firm Performance: Size, Diversification, and Scope L250 Measurement of Economic Growth Aggregate Productivity Cross-Country Output Convergence O470
spellingShingle	Financing Policy Financial Risk and Risk Management Capital and Ownership Structure G320 Firm Performance: Size, Diversification, and Scope L250 Measurement of Economic Growth Aggregate Productivity Cross-Country Output Convergence O470 Beck, Thorsten Demirguc-Kunt, Asli Laeven, Luc Levine, Ross Finance, Firm Size, and Growth
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	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.
format	Journal Article
author	Beck, Thorsten Demirguc-Kunt, Asli Laeven, Luc Levine, Ross
author_facet	Beck, Thorsten Demirguc-Kunt, Asli Laeven, Luc Levine, Ross
author_sort	Beck, Thorsten
title	Finance, Firm Size, and Growth
title_short	Finance, Firm Size, and Growth
title_full	Finance, Firm Size, and Growth
title_fullStr	Finance, Firm Size, and Growth
title_full_unstemmed	Finance, Firm Size, and Growth
title_sort	finance, firm size, and growth
publishDate	2012
url	http://hdl.handle.net/10986/5299
_version_	1764394582314844160

Finance, Firm Size, and Growth

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