Publication:
Finance, Firm Size, and Growth

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dc.contributor.authorLaeven, Luc
dc.contributor.authorBeck, Thorsten
dc.contributor.authorLevine, Ross
dc.contributor.authorDemirguc-Kunt, Asli
dc.date.accessioned2012-06-25T18:16:39Z
dc.date.available2012-06-25T18:16:39Z
dc.date.issued2005-01
dc.description.abstractThe authors examine whether financial development boosts the growth of small firms more than large firms and hence provides information on the mechanisms through which financial development fosters aggregate economic growth. They define an industry's technological firm size as the firm size implied by industrial specific production technologies, including capital intensities and scale economies. Using cross-industry, cross-country data, the results indicate that financial development exerts a disproportionately large effect on the growth of industries that are technologically more dependent on small firms. This suggests that financial development accelerates economic growth by removing growth constraints on small firms and also implies that financial development has sectoral as well as aggregate growth ramifications.en
dc.identifierhttp://documents.worldbank.org/curated/en/2005/01/5588007/finance-firm-size-growth
dc.identifier.doi10.1596/1813-9450-3485
dc.identifier.urihttps://hdl.handle.net/10986/8959
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; No. 3485
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectACCOUNTING STANDARDS
dc.subjectASSETS
dc.subjectBENCHMARK
dc.subjectCAPITALIZATION
dc.subjectCENTRAL BANK
dc.subjectCOMPARATIVE STUDIES
dc.subjectCONTRACT ENFORCEMENT
dc.subjectECONOMETRICS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC SIZE
dc.subjectECONOMIES OF SCALE
dc.subjectEFFICIENCY IMPROVEMENTS
dc.subjectEMPLOYMENT
dc.subjectENDOGENEITY
dc.subjectEXPORTS
dc.subjectFAMILIES
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SYSTEMS
dc.subjectFIXED COSTS
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGROWTH RATE
dc.subjectHIGH LEVELS
dc.subjectHUMAN CAPITAL
dc.subjectINNOVATION
dc.subjectINSTITUTIONAL DEVELOPMENT
dc.subjectINTANGIBLE ASSETS
dc.subjectINTERMEDIARIES
dc.subjectINTERNATIONAL TRADE
dc.subjectLABOR MARKETS
dc.subjectLIQUIDITY
dc.subjectMONOPOLIES
dc.subjectMORTALITY
dc.subjectNET SALES
dc.subjectPRIVATE PROPERTY
dc.subjectPRIVATE SECTOR
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC POLICIES
dc.subjectRISK MANAGEMENT
dc.subjectSAVINGS
dc.subjectTRANSACTION COSTS
dc.subjectTRANSACTIONS COSTS
dc.subjectVALUE ADDED
dc.subjectWORKERS
dc.titleFinance, Firm Size, and Growthen
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.crossref.titleFinance, Firm Size, and Growth
okr.date.doiregistration2025-04-10T09:58:27.659234Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2005/01/5588007/finance-firm-size-growth
okr.globalpracticePoverty
okr.globalpracticeGovernance
okr.globalpracticeHealth, Nutrition, and Population
okr.globalpracticeWater
okr.globalpracticeTrade and Competitiveness
okr.guid151811468780334326
okr.identifier.doi10.1596/1813-9450-3485
okr.identifier.externaldocumentum000009486_20050207170602
okr.identifier.internaldocumentum5588007
okr.identifier.reportWPS3485
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2005/02/07/000009486_20050207170602/Rendered/PDF/wps3485.pdfen
okr.topicPoverty Reduction::Achieving Shared Growth
okr.topicPrivate Sector Development::Small and Medium Size Enterprises
okr.topicHealth Monitoring and Evaluation
okr.topicEconomic Theory and Research
okr.topicBanks and Banking Reform
okr.topicWater Resources::Water and Industry
okr.topicHealth, Nutrition and Population::Public Health Promotion
okr.topicGovernance::Governance Indicators
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isAuthorOfPublication4694cd5a-bd90-594b-abe2-f5b681139e6d
relation.isAuthorOfPublication234a20c0-893c-561a-8c90-6f5be5be5b9b
relation.isAuthorOfPublication.latestForDiscovery4694cd5a-bd90-594b-abe2-f5b681139e6d
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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