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Prior research posits that market imperfections and the lack of institutions that protect investor interests create a divergence between the cost of internal and external funds, thereby constraining firms' ability to fund investment projects through external financing. Financial constraints...
Persistent link: https://www.econbiz.de/10005139150
Extant theoretical research posits that information asymmetry and agency issues affect the cost of external financing and hence impact the ability of firms to finance their growth opportunities. In contrast, the literature on disclosure policy posits that expanded and credible disclosure lowers...
Persistent link: https://www.econbiz.de/10005609887
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Extant research posits that cross-listing improves firms' access to lower cost external financing. But so far, there is scarce evidence that improved access to external funds through cross-listing contributes to higher firm growth. Documenting the relation between firm growth and cross-listing...
Persistent link: https://www.econbiz.de/10012767009
Extant theoretical research posits that information asymmetry and agency issues affect the cost of external financing and hence impact firms' ability to finance its growth opportunities. In contrast, the literature on disclosure policy posits that an expanded and credible disclosure lowers the...
Persistent link: https://www.econbiz.de/10012734842
Extant theoretical research posits that information asymmetry and agency issues affect the cost of external financing and hence impact firms' ability to finance its growth opportunities. In contrast, the literature on disclosure policy posits that an expanded and credible disclosure lowers the...
Persistent link: https://www.econbiz.de/10012783628
Prior research has posited that market imperfections and the lack of institutions which protect investor interests create a divergence between the cost of internal and external funds, thereby constraining firms' ability to fund investment projects through external financing. One consequence of...
Persistent link: https://www.econbiz.de/10012784168