Skip to Main Navigation

Stock market development and firm financing choices (anglais)

The authors empirically analyze the association between firm financing choices and the level of development of financial markets in 30 countries for the period 1980-91. For the whole sample, there is a statistically significant negative correlation between stock market development, as measured by the ratio of market capitalization to gross domestic product, and the ratios of both long-term and short-term debt to firms' total equity. For developed...
Voir la suite

INFORMATION

TÉLÉCHARGER

RAPPORT COMPLET

Version officielle du document (peut inclure des signatures etc…)

This document is being processed or is not available.