EIB Working Paper 2020/05 - Financing constraints and employers’ investment in training (Volume 2020/5)
Using 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 fi...
Sábháilte in:
| Príomhchruthaitheoirí: | , , , |
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| Formáid: | Online |
| Teanga: | Béarla |
| Foilsithe / Cruthaithe: |
European Investment Bank
2021
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| Ábhair: | |
| Rochtain ar líne: | OCN: 1238202231 |
| Clibeanna: |
Níl clibeanna ann, Bí ar an gcéad duine le clib a chur leis an taifead seo!
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| _version_ | 1869517144419467264 |
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| author | Weiss, Christoph Brunello, Giorgio Gereben, Áron Wruuck, Patricia |
| author_browse | Brunello, Giorgio Gereben, Áron Weiss, Christoph Wruuck, Patricia |
| author_facet | Weiss, Christoph Brunello, Giorgio Gereben, Áron Wruuck, Patricia |
| author_sort | Weiss, Christoph |
| collection | Directory of Open Access Books |
| description | Using 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. |
| format | Online |
| id | doab-20.500.12854ir-31694 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | European Investment Bank |
| publisherStr | European Investment Bank |
| record_format | ojs |
| spelling | doab-20.500.12854ir-316942025-07-30T10:20:45Z EIB Working Paper 2020/05 - Financing constraints and employers’ investment in training (Volume 2020/5) Weiss, Christoph Brunello, Giorgio Gereben, Áron Wruuck, Patricia European Investment Bank Business & Economics Finance General thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry Using 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. 2021-02-10T13:52:40Z 2021-02-10T13:52:40Z 2020-12-15T13:29:53Z 2020 book OCN: 1238202231 https://library.oapen.org/handle/20.500.12657/43445 9789286146756 https://directory.doabooks.org/handle/20.500.12854/31694 eng open access image/jpeg image/jpeg image/jpeg image/jpeg n/a n/a n/a n/a https://library.oapen.org/bitstream/20.500.12657/43445/1/external_content.pdf https://library.oapen.org/bitstream/20.500.12657/43445/1/external_content.pdf https://library.oapen.org/bitstream/20.500.12657/43445/1/external_content.pdf https://library.oapen.org/bitstream/20.500.12657/43445/1/external_content.pdf European Investment Bank European Investment Bank https://doi.org/10.2867/509592 https://doi.org/10.2867/509592 feca012f-a3d8-4aac-95aa-b6cf4bdbed7c Knowledge Unlatched 9789286146756 Knowledge Unlatched (KU) European Investment Bank open access |
| spellingShingle | Business & Economics Finance General thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry Weiss, Christoph Brunello, Giorgio Gereben, Áron Wruuck, Patricia EIB Working Paper 2020/05 - Financing constraints and employers’ investment in training (Volume 2020/5) |
| title | EIB Working Paper 2020/05 - Financing constraints and employers’ investment in training (Volume 2020/5) |
| title_full | EIB Working Paper 2020/05 - Financing constraints and employers’ investment in training (Volume 2020/5) |
| title_fullStr | EIB Working Paper 2020/05 - Financing constraints and employers’ investment in training (Volume 2020/5) |
| title_full_unstemmed | EIB Working Paper 2020/05 - Financing constraints and employers’ investment in training (Volume 2020/5) |
| title_short | EIB Working Paper 2020/05 - Financing constraints and employers’ investment in training (Volume 2020/5) |
| title_sort | eib working paper 2020 05 financing constraints and employers investment in training volume 2020 5 |
| topic | Business & Economics Finance General thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry |
| topic_facet | Business & Economics Finance General thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry |
| url | OCN: 1238202231 |
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