Access to Credit and Growth of Firms

被引：0
|
作者：
Brzozowski, Michel [1 ]
机构：
[1] Univ Warsaw, Fac Econ Sci, Warsaw, Poland
来源：
FINANCE A UVER-CZECH JOURNAL OF ECONOMICS AND FINANCE | 2019年 / 69卷 / 03期
关键词：
financial constraints; loan; sales growth; employment growth; FREE CASH FLOW; FINANCIAL DEVELOPMENT; CORPORATE GOVERNANCE; EARNINGS MANAGEMENT; BANK LOANS; EMPLOYMENT; PERFORMANCE; CONSTRAINTS; CHOICE; IMPACT;
D O I：
暂无
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
The aim of the paper is to analyze the employment and sales growth of companies in transition countries of Eastern Europe and Central Asia that have obtained bank credit in the aftermath of the global financial crisis. It is shown, using a treatment effects model, that loans are negatively and positively related to employment growth and sales growth, respectively. Loans that completely remove any restrictions to accessing finance do not have a positive effect on sales growth.
引用
收藏
页码：253 / 274
页数：22
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