Financial Dependence and Growth Revisited

By Raymond J. Fisman, Inessa Love. 2007

228 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/cc49ff912d1692d76e29f265a688c508d62cae97

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Citations in the corpus

Entry regulation as a barrier to entrepreneurship (2006, unknown): “Following Fisman and Love (2003b), we use industry-level U.S. sales growth over the period 1990–2000 as proxy for industry growth opportunities.”
Financial Development and Industrial Pollution (2018, unknown): “Earlier work has shown how well-developed stock and credit markets make countries more responsive to global common shocks by allowing firms to better take advantage of time-varying sectoral growth opportunities (Fisman and Love, 2007).”
The cash conversion cycle spread (2019, result): “This is consistent with the criticism put forth by Fisman and Love (2007) who find that the Rajan and Zingales (1998) measure may capture growth opportunity and challenge this measure’s validity in measuring external finance dependence. Tong and Wei (2011) present evidence that CCC performs better i”
How Bank Market Concentration, Regulation, and Institutions Shape the Real Effects of Banking Crises (2010, methodology): “…This approach was initially applied by Rajan and Zingales (1998) and subsequently used by Cetorelli and Gambera (2001), Claessens and Laeven (2003), Fisman and Love (2003), and Braun and Larrain (2005) to investigate the effects of bank concentration, trade credit usage, property rights, and…”
Local financial development and firm performance: Evidence from Morocco (2013, methodology): “On the other hand, Fisman and Love (2007) argue that sales have less measurement error: sales are measured directly in the census, while value added is constructed from several variables.”
How Bank Competition Affects Firms' Access to Finance (2012, unknown): “Although all measures have advantages and disadvantages (for example, Fisman and Love (2007) argue that a popular ﬁnancial dependence measure actually proxies for a ﬁrm’s growth opportunities), we offer a direct test of access to ﬁnance using a measure that is intuitive, easily available, and…”
Credit Constraints, Heterogeneous Firms and International Trade (2013, unknown): “For example, Rajan and Zingales (1998), Braun (2003), and Fisman and Love (2007) show that financially developed countries grow relatively faster in financially more vulnerable sectors.”
What Drives the Dynamics of Business Growth (2016, background): “Cross-country evidence suggests that higher financial development is associated with higher growth in sectors that are more financially dependent (Rajan and Zingales, 1998), in sectors that have higher growth potential (Fisman and Love, 2007), and in those that have a higher share of small firms (Be”