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"The author examines the impact of the volatility of foreign portfolio investment on the financial constraints of small firms. Using a dataset of over 195,000 firm-year observations across 53 countries, she examines the impact of foreign portfolio investment instability on capital issuance and...
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"The author examines the impact of foreign portfolio investment on the financial constraints of small firms. Using a dataset of over 195,000 firm-year observations across 53 countries, she examines the impact of foreign portfolio investment on capital issuance and firm growth across countries...
Persistent link: https://www.econbiz.de/10010522404
Retiring business owners are expected to sell or bequeath $10T worth of assets over the next twenty years. Small businesses will drive this coming wave of succession. While stakeholder theory has generally been rejected in finance due to the lack of accountability it creates for managers, it may...
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Because investors generally choose to invest in large firms when investing internationally, it is not immediately obvious whether small listed firms would benefit from foreign portfolio investment. A capital infusion of this form could either serve to alleviate constrained capital markets or...
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