Showing 1 - 10 of 13
The authors study the relationship between ownership structure, corporate governance, and the initial public offering (IPO) process. They examine equity ownership by different institutions, such as foreign and domestic financial institutions, banks with and without lending relationships, venture...
Persistent link: https://www.econbiz.de/10005128445
augment their working capital needs. Microfinance appropriate to their needs will feature short cycles of repayment and …
Persistent link: https://www.econbiz.de/10005128466
Using balance sheet information for nearly 6,000 firms between 1994-2003, this study investigates recent firm financing patterns in India. The paper documents the overall use of debt and, in particular, the role of bank financing (short-term and long-term), trade credit, intrabusiness group...
Persistent link: https://www.econbiz.de/10005129200
What is the impact of firms that cross-list, issue depositary receipts, or raise capital in international stock markets on the liquidity of remaining firms in domestic markets? Using a panel of over 3,200 firms from 55 countries during 1989-2000, Levine and Schmukler find that...
Persistent link: https://www.econbiz.de/10005133579
The authors use survey data on a sample of over 10,000 firms from 80 countries to assess (1) how successful a priori classifications are in distinguishing between financially constrained and unconstrained firms, and (2) more generally, the determinants of financing obstacles of firms. They find...
Persistent link: https://www.econbiz.de/10005141435
The authors investigate how a country's financial institutions and the quality of its legal system explain the size attained by its largest industrial firms in a sample of 44 countries. Firm size is positively related to the size of the banking system and the efficiency of the legal system....
Persistent link: https://www.econbiz.de/10005141701
There is currently a large interest in understanding firms'access to finance, particularly in the financing of small- and medium-size enterprises (SMEs). But the financing patterns of SMEs across countries is not well understood. For example, little is known about the relative importance of...
Persistent link: https://www.econbiz.de/10005141816
all sizes and for monitoring firm performance and behavior. …
Persistent link: https://www.econbiz.de/10005141879
Expanding the microfinance market can promote economic growth and reduce poverty in many countries. But expanding this … microfinance initiatives in rural areas and proposes ways for governments and donors to support the microfinance sector. Those … programs demonstrate that microfinance initiatives can provide a valuable service to low-income people at a temporary …
Persistent link: https://www.econbiz.de/10005141886
The authors analyze whether form of ownership affects the substitutability of internal and external sources of finance. In particular, they test whether financial constraints are more severe for independent firms, and whether members of large national business groups suffer different constraints...
Persistent link: https://www.econbiz.de/10005141887