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037 _5BiblioBoard
245 0 0 _aEIB Working Paper 2020/05 - Financing constraints and employers' investment in training
_cChristoph Weiss, Giorgio Brunello, European Investment Bank, Áron Gereben, Patricia Wruuck.
_nVolume 2020/5
020 _a9789286146756
024 8 _ahttps://doi.org/10.2867/509592
029 1 _ahttps://library.biblioboard.com/ext/api/media/6a1d5a0d-802c-41df-b0c0-ddff2015d910/assets/thumbnail.jpg
040 _aScCtBLL
_cScCtBLL
100 1 _aWeiss, Christoph
_eauthor.
506 0 _aAccess copy available to the general public.
_fUnrestricted
_2star
700 1 _aBrunello, Giorgio
_eauthor.
700 1 _aEuropean Investment Bank
_eeditor.
700 1 _aGereben, Áron
_eauthor.
700 1 _aWruuck, Patricia
_eauthor.
264 1 _bEuropean Investment Bank,
300 _a1 online resource (1 p.)
490 1 _aEIB Working Papers
520 _aUsing a representative sample of European firms, this paper studies whether and to what extent financing constraints affect employers' decisions to invest in employee training. It combines survey data on investment activities with administrative data on financial statements to develop an index of financing constraints. It estimates that a 10 percent increase in this index reduces investment in training as a share of fixed assets by 2.9 to 4.5 percent and investment in training per employee by 1.8 to 2.5 percent. The paper documents that lower investment in training reduces productivity, and show that firms facing tighter financing constraints cut back the investment in training and tangible assets less than investment in R&D and software and data.
588 0 _aDescription based on print version record.
590 _aKU Open Services
650 7 _aBusiness & Economics / Finance
_2bisacsh
650 0 _aEconomics
655 0 _aElectronic books.
758 _iIs found in:
_aKnowledge Unlatched
_1https://openresearchlibrary.org/module/2774bc74-146a-484f-a7ba-ab1d6a09bbfb
830 0 _aEIB Working Papers
856 4 0 _uhttps://openresearchlibrary.org/content/6a1d5a0d-802c-41df-b0c0-ddff2015d910
_zView this content on Open Research Library.
_70
999 _c32562
_d32562