Do Financial Constraints Affect the Composition of Workers in a Firm?

Breunig, Robert; Hourani, Diana; Bakhtiari, Sasan; Magnani, Elisabetta

doi:10.2139/ssrn.3542639

Cited by 2 publications

(1 citation statement)

References 12 publications

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“…13 See Parker (2017) and Hansell and Rafi (2018) for overviews of BLADE. Recent works using BLADE and earlier versions of this data environment include Bakhtiari (2019), Breunig et al (2020) and La Cava and Hambur (2018), among others.…”

Section: (I) Unit Of Observationmentioning

confidence: 99%

Uncovering Urban Advantages: Evidence from Australian Firm‐Level Data *

Bellofatto,

Domínguez,

Dwyer

2023

Economic Record

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This paper quantifies the productivity advantages of urban firms in Australia. Following Combes et al. (Econometrica 2012, 80, 2543), we decompose the source of urban advantages into agglomeration and selection effects using the most exhaustive data source on Australian businesses: the Business Longitudinal Analysis Data Environment (BLADE). We find that urban advantages increase the productivity of the average firm by nearly 6 per cent, and that most of such advantages are attributed to agglomeration effects rather than selection. Urban advantages differ substantially across sectors and by firm age. In particular, they are larger in services than in manufacturing and relatively benefit mature firms. We also perform a state‐level analysis, which largely confirms our main findings at the country level.

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Section: (I) Unit Of Observationmentioning

confidence: 99%

Uncovering Urban Advantages: Evidence from Australian Firm‐Level Data *

Bellofatto,

Domínguez,

Dwyer

2023

Economic Record

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Do investments in human and physical capital respond differently to financing constraints?

Brunello¹,

Gereben

Rückert

et al. 2022

Swiss J Economics Statistics

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Using a representative sample of European firms, we study whether financing constraints affect employers’ investments in employee training and physical capital differently. We measure financing constraints with an index that combines survey and balance sheet data. We instrument this index with the non-performing loans ratio of the bank that provided the last loan to the firms or with the average ratio of banks in the local area. We find that financing constraints have no effect on investment in training, but substantially reduce investment in physical capital.

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Do Financial Constraints Affect the Composition of Workers in a Firm?

Cited by 2 publications

References 12 publications

Uncovering Urban Advantages: Evidence from Australian Firm‐Level Data *

Uncovering Urban Advantages: Evidence from Australian Firm‐Level Data *

Do investments in human and physical capital respond differently to financing constraints?

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