| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6624 |
| DP6624 Consumer Networks and Firm Reputation: A First Experimental Investigation | |
| Jean-Robert Tyran; Steffen Huck | |
| 发表日期 | 2008-01-11 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | We use firm-level, cross-county data from Investment Climate surveys in 49 developing countries to investigate an important channel through which informality can affect productivity: access to credit and external finance. Informality is measured as self-reported lack of tax compliance in a sample of registered firms that also answered questions on a large set of other characteristics. We find that more tax compliance is significantly associated with more access to credit both in OLS and in country fixed effects estimates. In particular, the link between credit and formality is stronger in high-formality countries. This suggests that firms? balance sheets are relatively more informative for financial institutions in environments where signal extraction is a less noisy process. Our results are robust to the inclusion of a wide array of correlates and to two-stage estimation. |
| 主题 | Public Economics |
| 关键词 | Access to credit Informality |
| URL | https://cepr.org/publications/dp6624 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535462 |
| 推荐引用方式 GB/T 7714 | Jean-Robert Tyran,Steffen Huck. DP6624 Consumer Networks and Firm Reputation: A First Experimental Investigation. 2008. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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