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Based on German data between 1999 and 2007, we analyze the growth factors of SMEs and contrast them with those of large firms. Differences show up both in balance sheet and employment growth. While we confirm earlier results on inherent growth structures and the influence of firm age, we derive...
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This paper examines the impact of privatization on stock market size and liquidity in a multinational sample of 31 … emerging markets. We find that the intensity of privatization and the use of privatization offerings on the stock market … panel specifications and find that privatization appears to be the most beneficial in the Asian sub sample where most …
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