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Forschung, Veranstaltungen, Publikationen

Call for papers: The economics of populism: Drivers and consequences

13th Joint IOS/APB/EACES Summer Academy on Central and Eastern Europe.
Dates: July 5–7, 2021
Location: Location: Tutzing, Lake Starnberg, Germany. Should the pandemic prohibit an offline meeting, the event will be organized in an online or mixed format.
Call for papers
Submission deadline: April 30, 2021.

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Aktuelles – Details

19. Februar 2021
Publikationen

IOS Working Papers No. 390 ist erschienen

Ichiro Iwasaki, Evžen Kočenda, and Yoshisada Shida, Institutions, Financial Development, and Small Business Survival: Evidence from European Emerging Markets, 43 S., Februar 2021.

In this paper, we traced the survival status of 94,401 small businesses in 17 European emerging markets from 2007–2017 and empirically examined the determinants of their survival, focusing on institutional quality and financial development. We found that institutional quality and the level of financial development impact the survival probability of the researched SMEs in statistically significant and economically meaningful ways. The evidence holds even when we control for a set of firm-level characteristics such as ownership structure, financial performance, firm size, and age. The findings are also uniform across industries and country groups and robust beyond the difference in assumption of hazard distribution, firm size, region, and time period.