Bank Credit Conditions and Productivity Growth: Company-level Evidence

Pub. Date
19 January, 2015
  • Using firm level data we examine whether aggregate productivity weakness arises because of resource misallocation between existing firms and/or a lack of creative destruction or cleansing effect of recession
  • Using firm level data we assess these effects by comparing credit constrained bank dependent firms to similar firms that do not rely on bank finance or that were not credit constrained