全球智库信息集成服务系统(G2TT): International Financial Integration and Entrepreneurial Firm Activity

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w13118
来源ID	Working Paper 13118
	International Financial Integration and Entrepreneurial Firm Activity
	Laura Alfaro; Andrew Charlton
发表日期	2007-05-24
出版年	2007
语种	英语
摘要	We explore the relation between international financial integration and the level of entrepreneurial activity in a country. We use a unique firm level data set of approximately 24 million firms in nearly 100 countries in 2004 and 1999, which enables us to present both cross-country and industry level evidence. We establish robust cross-country correlations between increased international financial integration and the activity of entrepreneurs using various proxies for entrepreneurial activity such as entry, size, and skewness of the firm-size distribution and de jure and de facto measures of international capital integration. We then explore causal channels through which foreign capital may encourage entrepreneurship. We find evidence that entrepreneurial activity in industries which are more reliant on external finance is disproportionately affected by international financial integration, suggesting that foreign capital may improve access to capital either directly or through improved domestic financial intermediation. Second we find that entrepreneurial activity is higher in industries which have a large share of foreign firms or in vertically linked industries.
主题	International Economics ; International Factor Mobility ; International Finance ; Financial Economics ; Financial Markets ; Industrial Organization ; Firm Behavior ; Development and Growth ; Development
URL	https://www.nber.org/papers/w13118
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/570786
推荐引用方式 GB/T 7714	Laura Alfaro,Andrew Charlton. International Financial Integration and Entrepreneurial Firm Activity. 2007.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w13118.pdf（531KB）	智库出版物		限制开放	CC BY-NC-SA	浏览