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equity issuance and corporate investment. It shows that foreign inflows are strongly correlated with country-level issuance …. Instrumented contemporaneous and lagged capital inflows lead large firms to raise new equity, which they use to fund investment …
Persistent link: https://www.econbiz.de/10012921833
This paper investigates how China's saving, investment, and saving-investment balance will evolve in the decades ahead …, cross-country empirical analysis shows that economywide saving and investment in China are higher than what would be … demographics - saving and investment would both decline only mildly in the coming two decades, with ambiguous impact on the current …
Persistent link: https://www.econbiz.de/10012748022
by Chinese firms. In line with the previous literature, the paper demonstrates that investment by non-state firms is … reliance on internal cash flows to fund investment). The paper also finds that large non-state firms with weak government …-appointed Chief Executive Officers also have significantly lower investment intensities, due perhaps to their lower-powered incentives …
Persistent link: https://www.econbiz.de/10012974635
of the Indian economy, capital flows to India have moved in tandem with broad global trends. This paper looks at the … extent to which India?s monetary policy has been affected by the ebbs and flows of the capital it receives. For ease of …
Persistent link: https://www.econbiz.de/10012970004
the early lifecycle of firms across diverse institutional environments of regions in India. It finds that the size and …
Persistent link: https://www.econbiz.de/10012972067
The differences in financial development across Indian states, while seeming substantial, have a minor effect on firm lifecycle and growth. These results hold controlling for differences in labor regulations across states, capital intensity, and for firms born before and after the major reforms....
Persistent link: https://www.econbiz.de/10012972856
This paper studies the extent to which firms in China and India use capital markets to obtain financing and grow. Using …
Persistent link: https://www.econbiz.de/10012974497
This paper assesses the international comovement of gross capital inflows and outflows using a two-level factor model. Among advanced and emerging countries, capital flows exhibit strong commonality: common (global and country group-specific) factors account, on average, for close to half of...
Persistent link: https://www.econbiz.de/10012926785
Migration facilitates the flow of information between countries, thereby reducing informational frictions that potentially hamper cross-country financial flows. Using a gravity model, migration is found to be highly correlated with financial flows from the migrant's host country to her home...
Persistent link: https://www.econbiz.de/10012957779
According to conventional wisdom, capital flows are fickle. Focusing on emerging markets, this paper asks whether this conventional wisdom still holds in the contemporary world. The results show that, despite recent structural and regulatory changes, much of it survives. FDI inflows are more...
Persistent link: https://www.econbiz.de/10012962317