{"id":"https://openalex.org/W4285792908","doi":"https://doi.org/10.1108/jes-10-2021-0526","title":"Financial services and firm performance, are there any differences by size? Worldwide evidence using firm-level data","display_name":"Financial services and firm performance, are there any differences by size? Worldwide evidence using firm-level data","publication_year":2022,"publication_date":"2022-07-19","ids":{"openalex":"https://openalex.org/W4285792908","doi":"https://doi.org/10.1108/jes-10-2021-0526"},"language":"en","primary_location":{"id":"doi:10.1108/jes-10-2021-0526","doi":"https://doi.org/10.1108/jes-10-2021-0526","is_oa":false,"landing_page_url":"https://doi.org/10.1108/jes-10-2021-0526","pdf_url":null,"source":{"id":"https://openalex.org/S158705510","display_name":"Journal of Economic Studies","issn_l":"0144-3585","issn":["0144-3585","1758-7387"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Economic Studies","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5074050419","display_name":"Zakaria Elouaourti","orcid":"https://orcid.org/0000-0001-6986-3849","observed_orcids":["https://orcid.org/0000-0001-6986-3849"]},"institutions":[{"id":"https://openalex.org/I126477371","display_name":"Mohammed V University","ror":"https://ror.org/00r8w8f84","country_code":"MA","type":"education","lineage":["https://openalex.org/I126477371"]}],"countries":["MA"],"is_corresponding":false,"raw_author_name":"Zakaria Elouaourti","raw_affiliation_strings":["Mohammed V University, Rabat, Morocco"],"raw_orcid":"https://orcid.org/0000-0001-6986-3849","affiliations":[{"raw_affiliation_string":"Mohammed V University, Rabat, Morocco","institution_ids":["https://openalex.org/I126477371"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5021366738","display_name":"Elhadj Ezzahid","orcid":"https://orcid.org/0000-0002-7116-4702","observed_orcids":["https://orcid.org/0000-0002-7116-4702"]},"institutions":[{"id":"https://openalex.org/I126477371","display_name":"Mohammed V University","ror":"https://ror.org/00r8w8f84","country_code":"MA","type":"education","lineage":["https://openalex.org/I126477371"]}],"countries":["MA"],"is_corresponding":false,"raw_author_name":"Elhadj Ezzahid","raw_affiliation_strings":["Mohammed V University, Rabat, Morocco"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Mohammed V University, Rabat, Morocco","institution_ids":["https://openalex.org/I126477371"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I126477371"],"apc_list":null,"apc_paid":null,"fwci":7.7064,"has_fulltext":false,"cited_by_count":18,"citation_normalized_percentile":{"value":0.97216726,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":93,"max":99},"biblio":{"volume":"50","issue":"4","first_page":"858","last_page":"880"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.7085000276565552,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.7085000276565552,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12544","display_name":"Working Capital and Financial Performance","score":0.09790000319480896,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12851","display_name":"Firm Innovation and Growth","score":0.08420000225305557,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/financial-services","display_name":"financial services","score":0.8349999785423279},{"id":"https://openalex.org/keywords/firm-performance","display_name":"firm performance","score":0.9850000143051147},{"id":"https://openalex.org/keywords/firm-size","display_name":"firm size","score":0.9980000257492065},{"id":"https://openalex.org/keywords/micro-and-small-enterprises","display_name":"micro and small enterprises","score":0.703000009059906},{"id":"https://openalex.org/keywords/internal-financing","display_name":"internal financing","score":0.6439999938011169},{"id":"https://openalex.org/keywords/debt-financing","display_name":"debt financing","score":0.8529999852180481},{"id":"https://openalex.org/keywords/capital-structure","display_name":"capital structure","score":0.5040000081062317},{"id":"https://openalex.org/keywords/informal-economy","display_name":"informal economy","score":0.8489999771118164},{"id":"https://openalex.org/keywords/political-influence","display_name":"political influence","score":0.718999981880188},{"id":"https://openalex.org/keywords/access-to-finance","display_name":"access to finance","score":0.8379999995231628},{"id":"https://openalex.org/keywords/financial-constraints","display_name":"financial constraints","score":0.796999990940094}],"concepts":[{"id":"https://openalex.org/C162144332","wikidata":"https://www.wikidata.org/wiki/Q1665305","display_name":"Instrumental variable","level":2,"score":0.5753664374351501},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.570787250995636},{"id":"https://openalex.org/C149933338","wikidata":"https://www.wikidata.org/wiki/Q950816","display_name":"Capital structure","level":3,"score":0.5058912634849548},{"id":"https://openalex.org/C2776950860","wikidata":"https://www.wikidata.org/wiki/Q2914681","display_name":"Originality","level":3,"score":0.5008361339569092},{"id":"https://openalex.org/C99656134","wikidata":"https://www.wikidata.org/wiki/Q2912993","display_name":"Ordinary least squares","level":2,"score":0.4956475496292114},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.48446130752563477},{"id":"https://openalex.org/C23032112","wikidata":"https://www.wikidata.org/wiki/Q1344727","display_name":"Enterprise value","level":2,"score":0.41594427824020386},{"id":"https://openalex.org/C166052673","wikidata":"https://www.wikidata.org/wiki/Q83021","display_name":"Empirical evidence","level":2,"score":0.4132280945777893},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.37890809774398804},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.37851786613464355},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.34913042187690735},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.3442162871360779},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.18375250697135925},{"id":"https://openalex.org/C11012388","wikidata":"https://www.wikidata.org/wiki/Q170658","display_name":"Creativity","level":2,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1108/jes-10-2021-0526","doi":"https://doi.org/10.1108/jes-10-2021-0526","is_oa":false,"landing_page_url":"https://doi.org/10.1108/jes-10-2021-0526","pdf_url":null,"source":{"id":"https://openalex.org/S158705510","display_name":"Journal of Economic Studies","issn_l":"0144-3585","issn":["0144-3585","1758-7387"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Economic Studies","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eme:jespps:jes-10-2021-0526","doi":null,"is_oa":false,"landing_page_url":"https://www.emerald.com/insight/content/doi/10.1108/JES-10-2021-0526/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.7257999777793884,"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":34,"referenced_works":["https://openalex.org/W344762908","https://openalex.org/W1529797236","https://openalex.org/W1558769955","https://openalex.org/W1578365387","https://openalex.org/W1970041141","https://openalex.org/W2012786799","https://openalex.org/W2032305868","https://openalex.org/W2054503404","https://openalex.org/W2059817248","https://openalex.org/W2081908573","https://openalex.org/W2085169075","https://openalex.org/W2102140776","https://openalex.org/W2115849388","https://openalex.org/W2118140832","https://openalex.org/W2170790204","https://openalex.org/W2291717633","https://openalex.org/W2428610933","https://openalex.org/W2513756994","https://openalex.org/W2589791259","https://openalex.org/W2596256639","https://openalex.org/W2600351436","https://openalex.org/W2605256293","https://openalex.org/W2734768633","https://openalex.org/W2735327831","https://openalex.org/W2791080321","https://openalex.org/W2802748329","https://openalex.org/W2884479031","https://openalex.org/W3041568511","https://openalex.org/W3122577139","https://openalex.org/W3124450204","https://openalex.org/W3193471923","https://openalex.org/W4211081218","https://openalex.org/W4247993467","https://openalex.org/W4249929133"],"related_works":["https://openalex.org/W3152860092","https://openalex.org/W2913771930","https://openalex.org/W3122518092","https://openalex.org/W7099713783","https://openalex.org/W2885419510","https://openalex.org/W3049322158","https://openalex.org/W7026613937","https://openalex.org/W3117549715","https://openalex.org/W4318472142","https://openalex.org/W2791080321"],"abstract_inverted_index":{"Purpose":[0],"Do":[1],"financial":[2,18,28,261,290],"services":[3,19,29,262,291],"needs":[4],"depend":[5],"on":[6,20,63,121,241,252,267,271,297],"the":[7,12,40,46,50,75,112,127,137,144,165,182,209,243,256,264,277,280,289,294,316],"firm":[8,21,43,132,171,268,298,320],"size?":[9],"To":[10],"highlight":[11],"impact":[13,120,266,296],"of":[14,17,42,52,55,114,129,140,146,153,167,197,200,245,258],"different":[15,317],"categories":[16],"performance,":[22,254],"we":[23,287,314],"establish":[24],"a":[25,98,118,179],"correspondence":[26],"between":[27],"and":[30,45,69,109,192,214,218,311],"firms'":[31,272],"performance":[32,44,172,269,299,321],"classified":[33],"according":[34,103],"to":[35,104,155,170,181,206,223,227,247,319],"their":[36,122,157,230],"size,":[37],"controlling":[38],"with":[39,86],"determinants":[41],"obstacles":[47],"that":[48,97,184,292],"hinder":[49],"development":[51],"each":[53],"category":[54,152,199],"firm.":[56],"Design/methodology/approach":[57],"We":[58,159],"have":[59,239,263,293],"mobilized":[60],"microeconomic":[61],"data":[62,302],"78,629":[64,304],"firms":[65,154,186,201,216,234,305],"stratified":[66],"by":[67,163,174,306,322],"size":[68,196,307],"covering":[70,303],"135":[71],"countries,":[72],"extracted":[73],"from":[74],"Enterprise":[76],"Surveys":[77],"database.":[78],"A":[79],"two-stage":[80],"least":[81],"squares":[82],"(2SLS)":[83],"regression":[84],"analysis":[85],"instrumental":[87],"variable":[88],"modeling":[89],"is":[90],"used.":[91],"Findings":[92],"Our":[93,176],"empirical":[94],"results":[95,177],"show":[96],"firm's":[99,253],"financing":[100,116,250],"behavior":[101],"differs":[102],"its":[105],"size.":[106,175,273,323],"For":[107,124,134],"micro":[108,213],"small":[110,215],"firms,":[111,126,136],"availability":[113],"internal":[115],"has":[117],"positive":[119,138],"performance.":[123,133],"medium-size":[125,185],"use":[128],"debt":[130,141,147],"stimulates":[131],"large":[135,193,233],"effect":[139],"diminishes":[142],"as":[143,212,232],"level":[145],"increases,":[148],"which":[149,260],"leads":[150],"this":[151,198],"increase":[156],"capital.":[158],"complemented":[160],"our":[161],"study":[162,275],"exploring":[164],"issue":[166,257],"whether":[168],"barriers":[169,318],"differ":[173],"bring":[178],"support":[180],"idea":[183],"suffer":[187],"more":[188],"than":[189],"micro,":[190],"small,":[191,309],"firms.":[194],"The":[195],"does":[202,219],"not":[203,220],"allow":[204,221],"them":[205,222],"operate":[207,228],"in":[208,229,279,282],"informal":[210],"sector":[211],"do,":[217],"influence":[224],"political":[225],"authorities":[226],"favor":[231],"do.":[235],"Originality/value":[236],"Previous":[237],"studies":[238],"focused":[240],"investigating":[242],"effects":[244],"access":[246],"finance":[248],"and/or":[249],"constraints":[251],"neglecting":[255],"identifying":[259],"most":[265,295],"depending":[270],"This":[274],"fills":[276],"gap":[278],"literature":[281],"two":[283],"main":[284],"ways.":[285],"First,":[286],"identify":[288],"using":[300],"firm-level":[301],"(micro,":[308],"medium,":[310],"large).":[312],"Second,":[313],"investigate":[315]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":4},{"year":2024,"cited_by_count":8},{"year":2023,"cited_by_count":5}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2022-07-19T00:00:00"}
