mirage

Small is not beautiful: firm-level evidence of the link between credit, firm size, and competitiveness in Colombia

LACER-LACEA/Manakin Repository

Show simple item record

dc.description.abstract Credit has been found to be a catalyst for economic growth, as it spurs investment, enhances productivity, allows costs to be spread out over time, improves resource allocation, and enables investors to cope better with macroeconomic volatility. Most studies focus on the relationship between financial development and growth at the country level, while few analyze the relationship at the firm level. Using a panel-shaped firm-level dataset of Colombian firms and employing the methodology developed by Love and Zicchino (2006), this paper examines whether the response of firms to financial and real shocks varies according to firm size and across different levels of firm productivity. The study finds that financial shocks have a significant positive impact on firm growth, which is larger for the larger firms and the more productive firms that export. The results indicate that something is preventing smaller firms from taking full advantage of access to external financing. en
dc.title Small is not beautiful: firm-level evidence of the link between credit, firm size, and competitiveness in Colombia en
dc.contributor.author Galindo, Arturo
dc.contributor.author Melendez, Marcela
dc.date.accessioned 2014-10-22T20:56:00Z
dc.date.available 2014-10-22T20:56:00Z
dc.date.issued 2014-10-22
dc.identifier.uri http://hdl.handle.net/123456789/12534
dc.language.iso en
dc.subject Firm size
dc.subject Credit
dc.subject External financing
dc.subject Productivity
dc.type Article
lacea.language.supported en


Files in this item

This item appears in the following Collection(s)

Show simple item record

Search LACER-LACEA


Browse

My Account