Kho, Bong-Chan (contributor); Stulz, René M. (contributor); … - 2006
Friedman (2005), when one focuses on
explicit barriers, the financial world has become flat when one looks at developed … 1990s for most countries with
functioning stock markets. Consequently, the financial world is much flatter de jure than de … investors are not corporate insiders. To consider a
simple example, in 2004, France represented 4.75% of the world market …