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This paper measures the indirect impacts of financial globalization using the extent to which corporate growth opportunities — especially those of small-size companies — are country-specific. Using data for 53,365 firms from 40 countries over the period of 1991-2012, we find that the...
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-sized enterprise (SME) funding problem. In the United States, the SME funding problem is exacerbated by the markedly diminishing rate …. The Article begins by providing definitions, business models, and historical background before outlining the SME funding … problem and new constraints on SME lending since the global financial crisis. ECF is placed within the so-called financing …
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