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dynamics of financial integration and assesses whether advances in financial integration and globalization yield the beneficial … real effects resulting from a more efficient resource allocation predicted by theory. We find that: (a) financial … financial integration and globalization predict higher growth, lower growth volatility, as well as lower probabilities of …
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(premium) relative to focused firms. This study suggests that corporate diversification may improve the efficiency of capital …
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This study examines the relationships between democratic politics and systematic (or country-specific) financial risk. Low financial risk is crucial to any well-functioning economy, as it encourages capital investment, facilitates growth, and enhances overall economic performance. Up until now,...
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