期刊論文
| 學年 | 104 |
|---|---|
| 學期 | 1 |
| 出版（發表）日期 | 2016-01-01 |
| 作品名稱 | Financial structure, firm size and industry growth |
| 作品名稱（其他語言） | |
| 著者 | Dong-Hyeon Kim; Shu-Chin Lin; Ting-Cih Chen |
| 單位 | |
| 出版者 | |
| 著錄名稱、卷期、頁數 | International Review of Economics and Finance 41, p.23–39 |
| 摘要 | This paper provides new empirical evidence to the intensive debate of whether financial structure—the extent to which a country has bank- or market-based is relevant for economic growth. Using the cross-industry and cross-country data, it finds that industries dominated by small firms grow faster in a country with a more bank-based financial system. It also finds that the effect of financial structure on industry growth runs mostly through growth in the number of establishments rather than through growth in the average size of establishments. The evidence is robust to a battery of sensitivity tests. Our research thus provides complementary information on whether financial structure fosters economic growth by disproportionately facilitating the growth of small-firm industry and new firm formation in these industries. Given the importance of small firms for private sector-led growth and limited access to credit of these firms in developing countries, policy toward strengthening bank-oriented financial systems is crucial for their economic growth. |
| 關鍵字 | Financial structure; Firm size; Economic growth |
| 語言 | en |
| ISSN | |
| 期刊性質 | 國外 |
| 收錄於 | SSCI |
| 產學合作 | |
| 通訊作者 | |
| 審稿制度 | 否 |
| 國別 | NLD |
| 公開徵稿 | |
| 出版型式 | ,電子版,紙本 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/112403 ) |