How many and which firms issue equity and bonds in domestic and international markets, how do these firms grow relative to non-issuing firms, and how does firm performance vary along the firm size distribution? To evaluate these questions, a new data set is constructed by matching data on firm-level capital raising activity with balance sheet data for 45,527 listed firms in 51 countries. Three main patterns emerge from the analysis. (1) Only a few...
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INFORMATION
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2015/07/02
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Document de travail de recherche sur les politiques
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WPS7353
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1
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1
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2015/07/02
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Disclosed
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Capital market financing, firm growth, and firm size distribution
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Macroeconomics & Growth