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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w26446 |
来源ID | Working Paper 26446 |
Listing Advantages Around the World | |
Kenichi Ueda; Somnath Sharma | |
发表日期 | 2019-11-11 |
出版年 | 2019 |
语种 | 英语 |
摘要 | Using the firm-level data of 33 countries over 10 years (from 2008-2017), we find that the listed firms, on average, have lower marginal products of capital (measured by return on assets) than the unlisted firms in many countries. This implies that the listed firms face less financial constraints. Moreover, we investigate the institutional factors that exacerbate or mitigate the listing advantages across the countries. The listing advantages seem enlarged with better corporate governance and narrowed with stronger creditor's rights. |
主题 | Macroeconomics ; Consumption and Investment ; Financial Economics ; Corporate Finance |
URL | https://www.nber.org/papers/w26446 |
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/584118 |
推荐引用方式 GB/T 7714 | Kenichi Ueda,Somnath Sharma. Listing Advantages Around the World. 2019. |
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文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w26446.pdf(5946KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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