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O'Connor, Thomas G. (2013) Equity market liberalization and firm growth. Review of Development Finance, 3 (1). pp. 1-12. ISSN 1879-9337
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Abstract
In a sample of 686 investable firms from 26 emerging market countries, I show that equity market liberalizations do not result in an increase
in externally-financed growth rates for participating firms. In fact I find mostly to the contrary. These findings are in line with recent work which
shows that firms issue less and not more equity capital post-liberalization, and suggest the gains from equity market liberalizations may not be
attributable to a reduction in financing constraints.
| Item Type: | Article |
|---|---|
| Keywords: | External financing; Investability; Firm growth; |
| Academic Unit: | Faculty of Social Sciences > Economics, Finance and Accounting |
| Item ID: | 8835 |
| Identification Number: | 10.1016/j.rdf.2013.01.002 |
| Depositing User: | Thomas G. O'Connor |
| Date Deposited: | 20 Sep 2017 08:34 |
| Journal or Publication Title: | Review of Development Finance |
| Publisher: | Elsevier |
| Refereed: | Yes |
| Related URLs: | |
| Use Licence: | This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available here |
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