Informality Among Formal Firms Firm-Level, Cross-Country Evidence On Tax Compliance And Access To Credit
Informality Among Formal Firms: Firm-Level, Cross-Country Evidence On Tax Compliance And Access To Credit

The authors use firm-level, cross-county data from Investment Climate surveys in 49 developing countries to investigate an important channel through which informality can affect productivity: access to credit and external finance. Informality is measured as self-reported lack of tax compliance in a...

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Bibliographische Detailangaben
1. Verfasser: Gatti, Roberta (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C The World Bank 2008
Schlagworte:
Access To Credit
Access To External Finance
Access to Finance
Balance Sheets
Bankruptcy and Resolution of Financial Distress
Banks
Banks and Banking Reform
Debt Markets
Economic Theory and Research
Exclusion
External Finance
Finance and Financial Sector Development
Financial Institutions
Financial Market
International Bank
Macroeconomics and Economic Growth
Social Security
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Zusammenfassung:The authors use firm-level, cross-county data from Investment Climate surveys in 49 developing countries to investigate an important channel through which informality can affect productivity: access to credit and external finance. Informality is measured as self-reported lack of tax compliance in a sample of registered firms that also answered questions on a large set of other characteristics. The authors find that more tax compliance is significantly associated with more access to credit both in OLS and in country fixed effects estimates. In particular, the link between credit and formality is stronger in high-formality countries. This suggests that firms' balance sheets are relatively more informative for financial institutions in environments where signal extraction is a less noisy process. The authors' results are robust to the inclusion of a wide array of correlates and to two-stage estimation
Beschreibung:Weitere Ausgabe: Gatti, Roberta : Informality Among Formal Firms
Beschreibung:1 Online-Ressource (1 online resource (37 p.))
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