This study unites two streams of research by simultaneously focusing on the impact of financial globalization on …, whereas marginal effects from financial globalization are positive on financial dynamics of activity and size, corresponding … net effects (positive thresholds) are negative (within range). Second, while decreasing financial globalization returns …

to be determined by globalization. Relying on a non-linear dynamic panelrepresentation, it reconciles the earlier results … in the literature regarding the two oppositenarratives of the effects of globalization on output growth. Countries … growth following a financial crisis. The benefits, as well asvulnerabilities, accrue earlier in the globalization process for …

This paper measures the indirect impacts of financial globalization using the extent to which corporate growth … financial openness, again mostly for small firms. With the progress of financial globalization, small firms also invest more in … foreign capital but are subject to various changes in domestic institutions brought by financial globalization, our results …