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  1. Does employment protection legislation affect credit access?
    evidence from Europe
    Published: [2017]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    We investigate the impact of employment protection on firms' credit access by looking at both credit obtained from banks and firms' decision to apply for a loan. We find that greater flexibility in structuring the employees' working hours and in... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 534 (2063)
    No inter-library loan

     

    We investigate the impact of employment protection on firms' credit access by looking at both credit obtained from banks and firms' decision to apply for a loan. We find that greater flexibility in structuring the employees' working hours and in dismissing employees increases the probability that firms obtain credit and that greater flexibility in dismissing employees decreases the probability that firms are discouraged from applying for credit. However, our findings also reveal that firms perceive regulations providing flexibility with regard to the employees' working hours differently from banks, leading to a situation in which firms are more likely to be discouraged from applying for a loan, even though the probability to obtain a loan increases. Our results are robust to confounding, endogeneity, selection bias as well as to alternative specifications.

     

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    Content information
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289927857
    Other identifier:
    hdl: 10419/175687
    Series: Working paper series / European Central Bank ; no 2063 (May 2017)
    Scope: 1 Online-Ressource (circa 57 Seiten), Illustrationen
  2. Creditor protection, judicial enforcement and credit access
    Published: 2015
    Publisher:  Europ. Central Bank, Frankfurt am Main

    Niedersächsische Staats- und Universitätsbibliothek Göttingen
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 534 (1829)
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289916424
    Other identifier:
    hdl: 10419/154262
    QB-AR-15-069-EN-N
    Series: Working paper series / European Central Bank ; 1829
    Scope: Online-Ressource (47 S.), graph. Darst.