Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/168234
Authors: 
De Martiis, Angela
Fidrmuc, Jarko
Year of Publication: 
2017
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2017: Alternative Geld- und Finanzarchitekturen - Session: Microeconomic Issues A19-V1
Abstract: 
We analyze how regional quality affects firm’s efficiency by identifying the impaired firms receiving financial assistance as those paying an implicit interest rate lower than the prime rate. Then, we decompose them into: real impaired firms unable to repay their loans, and those not repaying their debts even if financially they could. The regions with a high share of loans and crime exhibit a higher concentration of distressed firms, and crime increases the performance of existing companies.
JEL: 
O43
E51
G33
Document Type: 
Conference Paper

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