The G7 countries traditionally display home bias in assets (equities and bonds), but over the last 25 years this bias has progressively decreased, especially for equity portfolios. At the same time, the indebtedness of non-financial corporations has tended to increase and comove across...

This paper aims to present and discuss the already existing studies and try to uncover possible potential for further research on the topic of financial resources in public-private partnership (PPP) projects. The article presents the main relevant papers regarding financial resources and...

In this paper we explore empirically a long-standing question in the literature on finance for growth, namely whether the financial structure - in terms of the size of the banking system relative to the capital markets - matters for economic growth. We build upon the existing literature by...

This paper examines the relative importance of six factors in the capital structure decisions of publicly traded Indian firms. Existing empirical research on capital structure has been largely confined to developed countries. The papers related to emerging economies usually group several...

This study attempts to extend knowledge of the role of financial market development in the financing choice of firms in developing countries using cross-sectional regression estimator with a dynamic-panel approach for 219 firms listed on the three emerging countries during the period 1990-2012....

In this paper we explore empirically a long-standing question in the literature on finance for growth, namely whether the financial structure -in terms of the size of the banking system relative to the capital market- matters for economic growth. We build upon the existing literature by...

This paper investigates the impact of county-level financial integration on corporate financing choices in emerging economies. Examining 4477 public firms from 24 countries, we find that corporate leverage is positively related to credit market integration, while negatively related to equity...