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Finance and Private Sector Research

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A well-functioning financial system and a vigorous private sector are important drivers of growth and poverty reduction. Finance is central to private sector development and vice versa, and large parts of both sub-disciplines revolve around the behavior and performance of firms. Information about our research on finance and private sector development can be found under Subtopics below. More »


Working Papers

The Microfinance Business Model: Enduring Subsidy and Modest Profit
Robert Cull, Asli Demirgüç-Kunt, and Jonathan Morduch
Policy Research Working Paper 7786, August 2016

Pathways to Profits: Identifying Separate Channels of Small Firm Growth through Business Training
Stephen J. Anderson, Rajesh Chandy, and Bilal Zia
Policy Research Working Paper 7774, July 2016

Financial (Dis-)Information: Evidence from a Multi-Country Audit Study
Xavier Giné and Rafael Keenan Mazer
Policy Research Working Paper 7750, July 2016

Markets, Contracts, and Uncertainty in a Groundwater Economy
Xavier Gine and Hanan G. Jacoby
Policy Research Working Paper 7694, June 2016

Saving for Old Age
Asli Demirgüç-Kunt, Leora Klapper, and Georgios A. Panos
Policy Research Working Paper 7693, June 2016

Informed Trading in Business Groups, Ownership Concentration, and Market Liquidity
Miguel Leaño and Alvaro Pedraza
Policy Research Working Paper 7688, May 2016

Commercialization and Mission Drift: Evidence from a Large Chinese Microfinance Institution
Xiangping Jia, Robert Cull, Pei Guo, and Tao Ma
Policy Research Working Paper 7680, May 2016

Can Business Owners Form Accurate Counterfactuals? Eliciting Treatment and Control Beliefs about Their Outcomes in the Alternative Treatment Status
David McKenzie
Policy Research Working Paper 7668, May 2016

Can Wage Subsidies Boost Employment in the Wake of an Economic Crisis? Evidence from Mexico
Miriam Bruhn
Policy Research Working Paper 7607, March 2016

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Last updated: 2016-08-29

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