The DOI matches its Crossref record; 46 of the 46 references it cites were found in a registry or an index.
Financing constraints and unemployment: Evidence from the Great Recession
Open accessAbstract
This paper shows that financing constraints of small firms were one of the drivers of unemployment dynamics during the 2007–2009 recession in the United States. Specifically, workers in small firms were more likely to become unemployed during the 2007–2009 recession than comparable workers in large firms, but only if they were employed in industries with high financing needs. We find very similar results for the 1990–1991 recession, but not for the 2001 recession, where only the former was associated with a reduction in loan supply. The findings support the credit constraints hypothesis and underscore the role of bank lending in explaining labor market activity.
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Cites
Longitudinal data analysis using generalized linear models
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How Much Should We Trust Differences-in-Differences Estimates?
Bertrand, M., Duflo, E., & Mullainathan, S. (2004) · The Quarterly Journal of Economics · doi:10.1162/003355304772839588 · Cited by 10,641
Finance and Growth: Schumpeter Might Be Right
King, R. G., & Levine, R. (1993) · The Quarterly Journal of Economics · doi:10.2307/2118406 · Cited by 8,657
Financial Dependence and Growth
Rajan, R., & Zingales, L. (1996) · National Bureau of Economic Research · doi:10.3386/w5758 · Cited by 7,730
Financing Constraints and Corporate Investment
Fazzari, S. M., Hubbard, R. G., Petersen, B. C., Blinder, A. S., & Poterba, J. M. (1988) · Brookings Papers on Economic Activity · doi:10.2307/2534426 · Cited by 5,574
The Benefits of Lending Relationships: Evidence from Small Business Data
PETERSEN, M. A., & RAJAN, R. G. (1994) · The Journal of Finance · doi:10.1111/j.1540-6261.1994.tb04418.x · Cited by 5,440
Agency Costs, Net Worth, And Business Fluctuations
Bernanke, B., Gertler, M., Bernanke, B., & Gertler, M. (1988) · Unknown · doi:10.22004/ag.econ.292693 · Cited by 4,386
Financing Constraints and Corporate Investment
Fazzari, S., Hubbard, R. G., & Petersen, B. (1987) · National Bureau of Economic Research · doi:10.3386/w2387 · Cited by 4,351
Financial Intermediation, Loanable Funds, and The Real Sector
Holmstrom, B., & Tirole, J. (1997) · The Quarterly Journal of Economics · doi:10.1162/003355397555316 · Cited by 3,889
Stock Markets, Banks, and Economic GrowthPreprint
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Metadata
- Authors
- Duygan-Bump, B., Levkov, A., & Montoriol-Garriga, J.
- Venue
- Journal of Monetary Economics
- Publisher
- Elsevier BV
- Published
- 2015-10
- Volume
- 75
- Pages
- 89-105
- ISSN
- 0304-3932 (ISSN-L)
- OpenAlex
- W1899529740
- Cited by
- 296
- References
- 46
- FWCI
- 49.25
- Type
- journal article
- Language
- en
- Open access
- green
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- Duygan-Bump, B., Levkov, A., & Montoriol-Garriga, J. (2015). Financing constraints and unemployment: Evidence from the Great Recession. Journal of Monetary Economics. https://doi.org/10.1016/j.jmoneco.2014.12.011
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