全球智库信息集成服务系统(G2TT): Listing Advantages Around the World

G2TT

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.