| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20149 |
| 来源ID | Working Paper 20149 |
| Does Financing Spur Small Business Productivity? Evidence from a Natural Experiment | |
| Karthik Krishnan; Debarshi Nandy; Manju Puri | |
| 发表日期 | 2014-05-22 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | We analyze how increased access to financing affects firm total factor productivity (TFP) by exploiting a natural experiment following interstate banking deregulations which increased access to bank financing. We find that firms' TFP increases after their states implement these deregulations. Using a regression discontinuity approach based on Small Business Administration's funding eligibility criteria, we show that TFP increases following the deregulations are significantly greater for financially constrained firms. Our results suggest that greater access to financing allows financially constrained firms to invest in productive projects that may otherwise not be taken up. |
| 主题 | Financial Economics ; Financial Institutions |
| URL | https://www.nber.org/papers/w20149 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/577823 |
| 推荐引用方式 GB/T 7714 | Karthik Krishnan,Debarshi Nandy,Manju Puri. Does Financing Spur Small Business Productivity? Evidence from a Natural Experiment. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
