Distortions, efficiency and the size distribution of firms

Growth, Development, and Structural Change at the Firm-Level: The Example of the PR China

“…However, implications could still be drawn in comparative analyses, if different dispersions are observed. Hsieh and Klenow (2009) choose to follow this equilibrium interpretation; their contribution has led to the influential interpretation that resources are more misallocated in developing countries (Hsieh and Klenow, 2009;Song et al, 2011;Bartelsman et al, 2013;Li and Rama, 2015;Goyette and Gallipoli, 2015) as well as occasionally strongly worded policy recommendations (Adamopoulos and Restuccia, 2014;Poschke, 2018). This has been explained with both structural factors, such as constraints on credit availability (Bloom et al, 2010;Cabral and Mata, 2003), and also internal factors of the firm population of developing countries, such as bad management and reluctance to delegate decision-making (Bloom et al, 2010;Chaffai et al, 2012).…”

“…Within-firm improvements were particularly important in developing countries (Li and Rama, 2015) and in successful developing economies such as China (Yu et al, 2015(Yu et al, , 2017. While developed countries show some component from selection (2) and entry/exit (3) (Fariñas and Ruano, 2004;Li and Rama, 2015) 4 , in some developing countries (Sub-Saharan Africa specifically) the entry-exit-process may come down to churning without any improvements, and firms may survive because they are born larger, not because they learn or improve (Van Biesebroeck, 2005;Li and Rama, 2015;Goyette and Gallipoli, 2015), resulting in heteroskedastic "missing middle" distributions (Van Biesebroeck, 2005).…”

Mécanismes et instruments anticorruption : pistes de réflexion émergentes de la littérature

“…Par exemple, de nombreux entrepreneurs limitent la taille de leur firme pour passer sous le radar des bureaucrates et des collecteurs d'impôt et se protéger contre une réglementation excessive (de Soto, 1989;Goyette, 2014). Or, ces décisions de production sous-optimales et individuelles génèrent un écart de productivité significatif entre les firmes des secteurs formel et informel (La Porta et Shleifer, 2011) et un manque à gagner important pour l'ensemble d'une économie (Goyette, 2013;Goyette et Gallipoli, 2015).…”

Optimal Financing Decisions of Two Cash-Constrained Supply Chains with Complementary Products

“…There are three ways to cope with the financing difficulties of SMEs as follows:  For our government, there are a lot of works that can be done for them, for instance, to conduct the initial public offering (IPO) and stock exchange [26], to set up some government connections with SMEs [27,28], to increase more and more affordable local financing supply [29], to produce a demonstration effect whereby successful SMEs supported by donor-backed programs [29], to implement some financial aid programs that focus on SME scarce availability of collateral [30].  For SMEs, there are also several ways to solve their financing problems, for example, to increase enterprises' internal capital efficiency to improve credit constraints [31,32], to seek some venture capitals [33], to get guarantee loans [34][35][36][37][38][39][40][41][42], to obtain pledge loans [43][44][45], to apply collateral loans [40,[46][47][48][49][50]. In fact, it is not easy for SMEs to find some suitable guarantees for their financing loans, but it will get easier if SMES and their potential guarantees are members of the same supply chain alliance.…”

“…‚ For SMEs, there are also several ways to solve their financing problems, for example, to increase enterprises' internal capital efficiency to improve credit constraints [31,32], to seek some venture capitals [33], to get guarantee loans [34][35][36][37][38][39][40][41][42], to obtain pledge loans [43][44][45], to apply collateral loans [40,[46][47][48][49][50]. In fact, it is not easy for SMEs to find some suitable guarantees for their financing loans, but it will get easier if SMES and their potential guarantees are members of the same supply chain alliance.…”