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- W1831893514 abstract "Combining data from the Moroccan census of manufacturing enterprises with information from a commune survey, we test whether firm expansion is affected by local financial development. Our findings are consistent with this hypothesis: local bank availability is robustly associated with faster growth for small and medium-size firms in sectors with growth opportunities, with a lower likelihood of firm exit and a higher likelihood of investment. Regarding the channel, the evidence suggests that, over the study period, access to credit was used by pre-existing Moroccan firms to mobilize investment funds, with some evidence that they were partly used towards reducing labor costs." @default.
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- W1831893514 date "2013-07-01" @default.
- W1831893514 modified "2023-10-16" @default.
- W1831893514 title "Local financial development and firm performance: Evidence from Morocco" @default.
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- W1831893514 doi "https://doi.org/10.1016/j.jdeveco.2013.01.010" @default.
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