Showing 1 - 4 of 4
The establishment of the EU-15 `single market' in 1993 brought about a high degree of similarity in firms' growth opportunities across countries, while substantial diversity existed in the development of national financial markets. We compare within-industry growth rates of similar...
Persistent link: https://www.econbiz.de/10005067356
We test whether more developed financial systems are better at tackling asymmetric information proxied by firm age and size. Comparing the growth effect of financial development (FD) across firms of different type, we find that FD disproportionately fosters the growth of young companies, while...
Persistent link: https://www.econbiz.de/10005067499
(particularly) interstate liberalization of bank branching restrictions. This effect arises primarily from convergence in the …
Persistent link: https://www.econbiz.de/10005504526
In an influential paper, La Porta, Lopez-De-Silanes and Shleifer (2002) argued that public ownership of banks is associated with lower GDP growth. We show that this relationship does not hold for all countries, but depends on a country’s financial development and political institutions. Public...
Persistent link: https://www.econbiz.de/10008784712