Informality Among Formal Firms is popular PDF and ePub book, written by Roberta Gatti in 2007, it is a fantastic choice for those who relish reading online the Access to Credit genre. Let's immerse ourselves in this engaging Access to Credit book by exploring the summary and details provided below. Remember, Informality Among Formal Firms can be Read Online from any device for your convenience.
Informality Among Formal Firms Book PDF Summary
Abstract: The authors use firm-level, cross-county data from Investment Climate surveys in 49 developing countries to investigate an important channel through which informality can affect productivity: access to credit and external finance. Informality is measured as self-reported lack of tax compliance in a sample of registered firms that also answered questions on a large set of other characteristics. The authors find that more tax compliance is significantly associated with more access to credit both in OLS and in country fixed effects estimates. In particular, the link between credit and formality is stronger in high-formality countries. This suggests that firms' balance sheets are relatively more informative for financial institutions in environments where signal extraction is a less noisy process. The authors' results are robust to the inclusion of a wide array of correlates and to two-stage estimation.
Detail Book of Informality Among Formal Firms PDF
- Author : Roberta Gatti
- Release : 27 September 2024
- Publisher : World Bank Publications
- ISBN : 978186723xxxx
- Genre : Access to Credit
- Total Page : 37 pages
- Language : English
- PDF File Size : 10,9 Mb
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