Firms’ ability to finance investments in physical and human capital and innovate through digital, green, and other technologies is central to productivity and economic growth. An extensive body of research...
Firms’ ability to finance investments in physical and human capital and innovate through digital, green, and other technologies is central to productivity and economic growth. An extensive body of research...
This paper characterizes finance allocation distortions in capital markets across state-owned and private-owned enterprises. It does so by implementing Whited and Zhao’s (2021) methodology to infer idiosyncratic...
This paper leverages the novel methodology by Whited and Zhao (2021) to identify financial distortions and applies it to a sample of 24 European countries. The analyses reveal that less developed economies...