Financial Markets and Firm Dynamics
نویسندگان
چکیده
منابع مشابه
Financial Markets and Firm Dynamics
Recent studies have shown that the dynamics of firms (growth, job reallocation and exit) are negatively correlated with the initial size of the firm and its age. In this paper we analyze whether financial factors, in addition to technological differences, are important in generating these dynamics. We introduce financial market frictions in a basic model of industry dynamics with persistent sho...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2001
ISSN: 0002-8282
DOI: 10.1257/aer.91.5.1286