Arslan Khan | Ghent University (original) (raw)

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Papers by Arslan Khan

Research paper thumbnail of Determinants of firm growth: Evidence from Belgian companies

Firm growth Determinants of firm growth Growth in sales Profitabiliity Leverage Innovation Liqui... more Firm growth
Determinants of firm growth
Growth in sales
Profitabiliity
Leverage
Innovation
Liquidity

Research paper thumbnail of Financial systems, industrial structure, and growth

Oxford Review of Economic Policy, Jan 1, 2001

How does the development of the financial sector affect industrial growth? What effect does it ha... more How does the development of the financial sector affect industrial growth? What effect does it have on the composition of industry, and the size distribution of firms? What is the relative importance of financial institutions and financial markets, and does it depend on the stage of economic growth? How do financial systems differ in their vulnerability to crisis? This paper attempts to provide an answer to these questions based on the current state of empirical research.

Research paper thumbnail of Leverage, investment, and firm growth

Journal of financial Economics, Jan 1, 1996

Research paper thumbnail of Determinants of financial performance: a meta-analysis

Management Science, Jan 1, 1990

Research paper thumbnail of Financial and legal constraints to growth: does firm size matter?

The Journal of …, Jan 1, 2005

Using a unique firm-level survey data base covering 54 countries, we investigate whether differen... more Using a unique firm-level survey data base covering 54 countries, we investigate whether different financial, legal and corruption issues firms report as constraints actually affect their growth rates. Our results show that the extent to which these factors constrain a firm's growth depends very much on its size and that it is consistently the smallest firms that are most adversely affected by all three constraints. Firm growth is more affected by reported constraints in countries with underdeveloped financial and legal systems and higher corruption. Thus, policy measures to improve financial and legal development and reduce corruption are well justified in promoting firm growth and particularly the development of the small and medium enterprise (SME) sector. However, our evidence also shows that the intuitive descriptors of an "efficient" legal system are not correlated with the components of the general legal constraint that do predict firm growth. This finding suggests that the mechanism by which the legal systems affects firm performance is not well understood. Our findings also provide evidence that the corruption of bank officials constrains firm growth. This "institutional failure" should be taken into account when modeling the monitoring role of financial institutions in overcoming market failures due to informational asymmetries.

Research paper thumbnail of Determinants of firm growth: Evidence from Belgian companies

Firm growth Determinants of firm growth Growth in sales Profitabiliity Leverage Innovation Liqui... more Firm growth
Determinants of firm growth
Growth in sales
Profitabiliity
Leverage
Innovation
Liquidity

Research paper thumbnail of Financial systems, industrial structure, and growth

Oxford Review of Economic Policy, Jan 1, 2001

How does the development of the financial sector affect industrial growth? What effect does it ha... more How does the development of the financial sector affect industrial growth? What effect does it have on the composition of industry, and the size distribution of firms? What is the relative importance of financial institutions and financial markets, and does it depend on the stage of economic growth? How do financial systems differ in their vulnerability to crisis? This paper attempts to provide an answer to these questions based on the current state of empirical research.

Research paper thumbnail of Leverage, investment, and firm growth

Journal of financial Economics, Jan 1, 1996

Research paper thumbnail of Determinants of financial performance: a meta-analysis

Management Science, Jan 1, 1990

Research paper thumbnail of Financial and legal constraints to growth: does firm size matter?

The Journal of …, Jan 1, 2005

Using a unique firm-level survey data base covering 54 countries, we investigate whether differen... more Using a unique firm-level survey data base covering 54 countries, we investigate whether different financial, legal and corruption issues firms report as constraints actually affect their growth rates. Our results show that the extent to which these factors constrain a firm's growth depends very much on its size and that it is consistently the smallest firms that are most adversely affected by all three constraints. Firm growth is more affected by reported constraints in countries with underdeveloped financial and legal systems and higher corruption. Thus, policy measures to improve financial and legal development and reduce corruption are well justified in promoting firm growth and particularly the development of the small and medium enterprise (SME) sector. However, our evidence also shows that the intuitive descriptors of an "efficient" legal system are not correlated with the components of the general legal constraint that do predict firm growth. This finding suggests that the mechanism by which the legal systems affects firm performance is not well understood. Our findings also provide evidence that the corruption of bank officials constrains firm growth. This "institutional failure" should be taken into account when modeling the monitoring role of financial institutions in overcoming market failures due to informational asymmetries.

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