scholarly journals Small and Vulnerable: Small Firm Productivity in the Great Productivity Slowdown

2020 ◽  
Author(s):  
Sophia Chen ◽  
Do Q Lee

2019 ◽  
Vol 33 (2) ◽  
pp. 475-503 ◽  
Author(s):  
Romain Duval ◽  
Gee Hee Hong ◽  
Yannick Timmer

Abstract We study the role of financial frictions for productivity. Using a rich cross-country firm-level data, we exploit variation in preexisting exposure to the 2008 global financial crisis to study the post-crisis productivity slowdown. Firms with weaker precrisis balance sheets experienced a highly persistent decline in post-crisis total factor productivity growth relative to their less vulnerable counterparts, accounting for about one-third of the within-firm productivity slowdown. This decline was larger for firms that faced a more severe tightening of credit conditions. Financially fragile firms cut back on innovation activities, one channel through which financial frictions weakened post-crisis productivity growth.



2017 ◽  
Author(s):  
Romain Duval ◽  
Gee Hee Hong ◽  
Yannick Timmer


2016 ◽  
Vol 48 (2) ◽  
pp. 345-360 ◽  
Author(s):  
Beom Cheol Cin ◽  
Young Jun Kim ◽  
Nicholas S. Vonortas


2017 ◽  
Vol 17 (129) ◽  
pp. 1 ◽  
Author(s):  
Romain Duval ◽  
Gee Hee Hong ◽  
Yannick Timmer ◽  
◽  
◽  
...  


1952 ◽  
Vol 31 (11) ◽  
pp. 547
Author(s):  
R.W. Mann
Keyword(s):  


2009 ◽  
Vol 10 (4) ◽  
pp. 367-391
Author(s):  
Eui Young Lee ◽  
신범철 ◽  
Kyonghwan Kim


2020 ◽  
Author(s):  
Loren Brandt ◽  
John Litwack ◽  
Elitza Mileva ◽  
Luhang Wang ◽  
Yifan Zhang ◽  
...  


Author(s):  
Stephen J. Anderson ◽  
Rajesh Chandy ◽  
Bilal Zia


10.1596/30610 ◽  
2018 ◽  
Author(s):  
Elizabeth Ruppert Bulmer ◽  
Adrian Scutaru
Keyword(s):  


CFA Digest ◽  
1998 ◽  
Vol 28 (3) ◽  
pp. 10-12
Author(s):  
David Smith
Keyword(s):  


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