During the past decades, firms from emerging economies have significantly increased the amount of financing obtained in capital markets. Whereas the literature argues that international markets have been an important contributor to this process, the role of domestic markets is mostly unknown. By examining the case of East Asia, this paper shows that domestic markets have been a key driver of the observed trends in capital market financing since the...
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INFORMATION
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2019/06/01
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Document de travail
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141988
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1
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1
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2019/09/22
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Disclosed
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The Rise of Domestic Capital Markets for Corporate Financing
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state-owned enterprise
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