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dc.titleFirm Size and Credit in Argentina
dc.contributor.authorAuguste, Sebastián
dc.contributor.authorBebczuk, Ricardo N.
dc.contributor.authorSánchez, Gabriel
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.coverageArgentina
dc.date.available2013-04-16T00:00:00
dc.date.issue2013-03-29T00:00:00
dc.description.abstractThe goal of this paper is to study the link between bank credit (and internal funding) and average firm size in Argentina. Besides the fact that economic growth tends to go hand in hand with larger firm size, the topic is of particular interest because of the severe credit crunch in Argentina in the aftermath of the 2001-2002 financial crisis. To this end, a novel three-digit industry-level dataset spanning the 2000-2010 period was constructed. The results confirm the expected positive impact of credit supply on average firm size. Furthermore, the study expands on common knowledge by testing the sensitivity of firm size to internal funding and the differential financing behavior of the primary and the manufacturing sector. The results do not seem to be driven by endogeneity bias.
dc.format.extent46
dc.identifier.doihttp://dx.doi.org/10.18235/0011468
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Firm-Size-and-Credit-in-Argentina.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectFinancial Service
dc.subject.jelcodeD22 - Firm Behavior: Empirical Analysis
dc.subject.jelcodeD23 - Organizational Behavior • Transaction Costs • Property Rights
dc.subject.jelcodeG21 - Banks • Depository Institutions • Micro Finance Institutions • Mortgages
dc.subject.jelcodeG32 - Financing Policy • Financial Risk and Risk Management • Capital and Ownership Structure • Value of Firms • Goodwill
dc.subject.keywordsIDB-WP-396
dc.typeWorking Papers
idb.identifier.pubnumberWorking Papers
idb.operationRG-T1945
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