eBook - PDF

EIB Working Paper 2020/05 - Financing constraints and employers' investment in training (Volume 2020/5)

Name: EIB Working Paper 2020/05 - Financing constraints and employers' investment in training (Volume 2020/5)
Author: Christoph Weiss, Giorgio Brunello, Áron Gereben, Patricia Wruuck

English
PDF
Available on iOS & Android

eBook - PDF

EIB Working Paper 2020/05 - Financing constraints and employers' investment in training (Volume 2020/5)

About this book

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.

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Yes, you can access EIB Working Paper 2020/05 - Financing constraints and employers' investment in training (Volume 2020/5) by Christoph Weiss, Giorgio Brunello, Áron Gereben, Patricia Wruuck in PDF and/or ePUB format, as well as other popular books in Business & Finance. We have over one million books available in our catalogue for you to explore.