Capital Market Financing, Firm Growth, and Firm Size Distribution
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 large firms issue equity or bonds, and among them a small subset has raised a large proportion of the funds raised during the 1990s and 2000s. (2) Issuers grow faster than non-issuers in assets, sales, and employment, that is, firms do not simply use securities markets to adjust their financial accounts. (3) The firm size distribution of issuers evolves differently from that of non-issuers, tightening among issuers and widening among non-issuers.
id |
dig-okr-1098622234 |
---|---|
record_format |
koha |
spelling |
dig-okr-10986222342024-08-07T20:22:55Z Capital Market Financing, Firm Growth, and Firm Size Distribution Levine, Ross Didier, Tatiana Schmukler, Sergio L. DOMESTIC BOND DEPOSIT CAPITAL MARKETS INTERNATIONAL FINANCIAL INTEGRATION EQUITY ISSUANCE LIABILITY FOREIGN CAPITAL ACCOUNTING INFORMATIONAL ASYMMETRIES INTERNATIONAL CAPITAL STOCK VALUATION INTEREST DUMMY VARIABLES EMERGING ECONOMIES PRIVATE CREDIT EXCHANGE STOCK MARKET ISSUANCES LIQUIDITY EQUITY MARKET POLITICAL ECONOMY MATURITY STRUCTURE DEBT ISSUANCES MARKET SIZE CAPITAL STRUCTURE EQUITY FINANCING DEPOSIT MONEY BANKS BONDS DISCOUNT ASYMMETRIC INFORMATION HOME MARKET BOND FINANCING DUMMY VARIABLE INTERNATIONAL BANK CASH FLOWS BOND ISSUERS MATURITY PRIVATE BOND FOREIGN MARKETS LONG-TERM DEBT LIQUID MARKETS DEBT CAPACITY BOND ISSUANCES AMOUNT OF CAPITAL MARKET LIQUIDITY CAPITAL ALLOCATION BOND ISSUER INITIAL PUBLIC OFFERINGS PUBLIC DEBT MARKET MARKET DEVELOPMENT FINANCIAL STUDIES DOMESTIC CAPITAL CONTRACTS BOND MARKET CAPITALIZATION BOND ISSUANCE CORPORATE BOND MARKET EMERGING MARKET FINANCIAL INSTITUTIONS MARKETS DEBT CAPITAL MARKET RETURN PRIMARY MARKETS PUBLIC FINANCE INTERNATIONAL ECONOMICS BOND ISSUING BANK CREDIT EQUITY MARKET CAPITALIZATION GROSS DOMESTIC PRODUCT EQUITIES FINANCIAL SYSTEM RETURN ON ASSETS FINANCE BANK POLICY TAXES BROKERS INVESTMENT DECISIONS INFORMATION ASYMMETRY EQUITY ISSUES IPO INVESTMENT BANKS EQUITY TRANSACTION SECURITIES MARKETS INVESTORS ISSUERS OF SECURITIES VALUATIONS BOND MARKETS OWNERSHIP STRUCTURE INTERNATIONAL TRADE DOMESTIC MARKETS PUBLIC OFFERINGS FINANCIAL STRUCTURES MARKET CAPITALIZATION FUTURE COMMERCIAL PAPER RETURNS CAPITAL RAISING EXCHANGES CAPITAL MARKET ACTIVITY BOND MARKET CAPITALIZATION RISK EXPOSURE DEBT SECURITIES ISSUANCE FIRM PERFORMANCE OFFSHORE FINANCIAL CENTERS CORPORATE INVESTMENT BALANCE SHEET MARKET STOCK MARKET DEVELOPMENT SECURITIES PUBLIC DEBT INSURANCE DEBT-EQUITY ECONOMIC DEVELOPMENT DEBT MARKET FINANCIAL LIBERALIZATION CAPITAL MARKET DEVELOPMENT CORPORATE BONDS EMERGING MARKET EQUITY SECURITY FINANCIAL DEVELOPMENT ACCOUNTING STANDARDS EQUITY MARKETS FINANCIAL MARKET INVESTMENT BOND DOMESTIC EQUITY CORPORATE BOND MARKET EQUITY BALANCE SHEETS FINANCIAL MARKETS CORPORATE BOND MARKETS EQUITY ISSUANCES FINANCIAL STRUCTURE INVESTMENTS LENDING CONSUMER PRICE INDEX STOCK RETURNS MATURITIES DOMESTIC CAPITAL MARKET PROFITS CAPITAL MARKET FINANCING LABOR MARKETS FINANCIAL SYSTEMS LIABILITIES FOREIGN EQUITY STOCK EXCHANGES INTERNATIONAL MARKETS CASH FLOW FINANCIAL SECTOR DEVELOPMENT STOCK MARKETS CORPORATE GOVERNANCE DOMESTIC BOND MARKETS 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 large firms issue equity or bonds, and among them a small subset has raised a large proportion of the funds raised during the 1990s and 2000s. (2) Issuers grow faster than non-issuers in assets, sales, and employment, that is, firms do not simply use securities markets to adjust their financial accounts. (3) The firm size distribution of issuers evolves differently from that of non-issuers, tightening among issuers and widening among non-issuers. 2015-07-20T15:13:08Z 2015-07-20T15:13:08Z 2015-07 Working Paper Document de travail Documento de trabajo http://documents.worldbank.org/curated/en/2015/07/24744318/capital-market-financing-firm-growth-firm-size-distribution https://hdl.handle.net/10986/22234 English en_US Policy Research Working Paper;No. 7353 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank application/pdf text/plain World Bank, Washington, DC |
institution |
Banco Mundial |
collection |
DSpace |
country |
Estados Unidos |
countrycode |
US |
component |
Bibliográfico |
access |
En linea |
databasecode |
dig-okr |
tag |
biblioteca |
region |
America del Norte |
libraryname |
Biblioteca del Banco Mundial |
language |
English en_US |
topic |
DOMESTIC BOND DEPOSIT CAPITAL MARKETS INTERNATIONAL FINANCIAL INTEGRATION EQUITY ISSUANCE LIABILITY FOREIGN CAPITAL ACCOUNTING INFORMATIONAL ASYMMETRIES INTERNATIONAL CAPITAL STOCK VALUATION INTEREST DUMMY VARIABLES EMERGING ECONOMIES PRIVATE CREDIT EXCHANGE STOCK MARKET ISSUANCES LIQUIDITY EQUITY MARKET POLITICAL ECONOMY MATURITY STRUCTURE DEBT ISSUANCES MARKET SIZE CAPITAL STRUCTURE EQUITY FINANCING DEPOSIT MONEY BANKS BONDS DISCOUNT ASYMMETRIC INFORMATION HOME MARKET BOND FINANCING DUMMY VARIABLE INTERNATIONAL BANK CASH FLOWS BOND ISSUERS MATURITY PRIVATE BOND FOREIGN MARKETS LONG-TERM DEBT LIQUID MARKETS DEBT CAPACITY BOND ISSUANCES AMOUNT OF CAPITAL MARKET LIQUIDITY CAPITAL ALLOCATION BOND ISSUER INITIAL PUBLIC OFFERINGS PUBLIC DEBT MARKET MARKET DEVELOPMENT FINANCIAL STUDIES DOMESTIC CAPITAL CONTRACTS BOND MARKET CAPITALIZATION BOND ISSUANCE CORPORATE BOND MARKET EMERGING MARKET FINANCIAL INSTITUTIONS MARKETS DEBT CAPITAL MARKET RETURN PRIMARY MARKETS PUBLIC FINANCE INTERNATIONAL ECONOMICS BOND ISSUING BANK CREDIT EQUITY MARKET CAPITALIZATION GROSS DOMESTIC PRODUCT EQUITIES FINANCIAL SYSTEM RETURN ON ASSETS FINANCE BANK POLICY TAXES BROKERS INVESTMENT DECISIONS INFORMATION ASYMMETRY EQUITY ISSUES IPO INVESTMENT BANKS EQUITY TRANSACTION SECURITIES MARKETS INVESTORS ISSUERS OF SECURITIES VALUATIONS BOND MARKETS OWNERSHIP STRUCTURE INTERNATIONAL TRADE DOMESTIC MARKETS PUBLIC OFFERINGS FINANCIAL STRUCTURES MARKET CAPITALIZATION FUTURE COMMERCIAL PAPER RETURNS CAPITAL RAISING EXCHANGES CAPITAL MARKET ACTIVITY BOND MARKET CAPITALIZATION RISK EXPOSURE DEBT SECURITIES ISSUANCE FIRM PERFORMANCE OFFSHORE FINANCIAL CENTERS CORPORATE INVESTMENT BALANCE SHEET MARKET STOCK MARKET DEVELOPMENT SECURITIES PUBLIC DEBT INSURANCE DEBT-EQUITY ECONOMIC DEVELOPMENT DEBT MARKET FINANCIAL LIBERALIZATION CAPITAL MARKET DEVELOPMENT CORPORATE BONDS EMERGING MARKET EQUITY SECURITY FINANCIAL DEVELOPMENT ACCOUNTING STANDARDS EQUITY MARKETS FINANCIAL MARKET INVESTMENT BOND DOMESTIC EQUITY CORPORATE BOND MARKET EQUITY BALANCE SHEETS FINANCIAL MARKETS CORPORATE BOND MARKETS EQUITY ISSUANCES FINANCIAL STRUCTURE INVESTMENTS LENDING CONSUMER PRICE INDEX STOCK RETURNS MATURITIES DOMESTIC CAPITAL MARKET PROFITS CAPITAL MARKET FINANCING LABOR MARKETS FINANCIAL SYSTEMS LIABILITIES FOREIGN EQUITY STOCK EXCHANGES INTERNATIONAL MARKETS CASH FLOW FINANCIAL SECTOR DEVELOPMENT STOCK MARKETS CORPORATE GOVERNANCE DOMESTIC BOND MARKETS DOMESTIC BOND DEPOSIT CAPITAL MARKETS INTERNATIONAL FINANCIAL INTEGRATION EQUITY ISSUANCE LIABILITY FOREIGN CAPITAL ACCOUNTING INFORMATIONAL ASYMMETRIES INTERNATIONAL CAPITAL STOCK VALUATION INTEREST DUMMY VARIABLES EMERGING ECONOMIES PRIVATE CREDIT EXCHANGE STOCK MARKET ISSUANCES LIQUIDITY EQUITY MARKET POLITICAL ECONOMY MATURITY STRUCTURE DEBT ISSUANCES MARKET SIZE CAPITAL STRUCTURE EQUITY FINANCING DEPOSIT MONEY BANKS BONDS DISCOUNT ASYMMETRIC INFORMATION HOME MARKET BOND FINANCING DUMMY VARIABLE INTERNATIONAL BANK CASH FLOWS BOND ISSUERS MATURITY PRIVATE BOND FOREIGN MARKETS LONG-TERM DEBT LIQUID MARKETS DEBT CAPACITY BOND ISSUANCES AMOUNT OF CAPITAL MARKET LIQUIDITY CAPITAL ALLOCATION BOND ISSUER INITIAL PUBLIC OFFERINGS PUBLIC DEBT MARKET MARKET DEVELOPMENT FINANCIAL STUDIES DOMESTIC CAPITAL CONTRACTS BOND MARKET CAPITALIZATION BOND ISSUANCE CORPORATE BOND MARKET EMERGING MARKET FINANCIAL INSTITUTIONS MARKETS DEBT CAPITAL MARKET RETURN PRIMARY MARKETS PUBLIC FINANCE INTERNATIONAL ECONOMICS BOND ISSUING BANK CREDIT EQUITY MARKET CAPITALIZATION GROSS DOMESTIC PRODUCT EQUITIES FINANCIAL SYSTEM RETURN ON ASSETS FINANCE BANK POLICY TAXES BROKERS INVESTMENT DECISIONS INFORMATION ASYMMETRY EQUITY ISSUES IPO INVESTMENT BANKS EQUITY TRANSACTION SECURITIES MARKETS INVESTORS ISSUERS OF SECURITIES VALUATIONS BOND MARKETS OWNERSHIP STRUCTURE INTERNATIONAL TRADE DOMESTIC MARKETS PUBLIC OFFERINGS FINANCIAL STRUCTURES MARKET CAPITALIZATION FUTURE COMMERCIAL PAPER RETURNS CAPITAL RAISING EXCHANGES CAPITAL MARKET ACTIVITY BOND MARKET CAPITALIZATION RISK EXPOSURE DEBT SECURITIES ISSUANCE FIRM PERFORMANCE OFFSHORE FINANCIAL CENTERS CORPORATE INVESTMENT BALANCE SHEET MARKET STOCK MARKET DEVELOPMENT SECURITIES PUBLIC DEBT INSURANCE DEBT-EQUITY ECONOMIC DEVELOPMENT DEBT MARKET FINANCIAL LIBERALIZATION CAPITAL MARKET DEVELOPMENT CORPORATE BONDS EMERGING MARKET EQUITY SECURITY FINANCIAL DEVELOPMENT ACCOUNTING STANDARDS EQUITY MARKETS FINANCIAL MARKET INVESTMENT BOND DOMESTIC EQUITY CORPORATE BOND MARKET EQUITY BALANCE SHEETS FINANCIAL MARKETS CORPORATE BOND MARKETS EQUITY ISSUANCES FINANCIAL STRUCTURE INVESTMENTS LENDING CONSUMER PRICE INDEX STOCK RETURNS MATURITIES DOMESTIC CAPITAL MARKET PROFITS CAPITAL MARKET FINANCING LABOR MARKETS FINANCIAL SYSTEMS LIABILITIES FOREIGN EQUITY STOCK EXCHANGES INTERNATIONAL MARKETS CASH FLOW FINANCIAL SECTOR DEVELOPMENT STOCK MARKETS CORPORATE GOVERNANCE DOMESTIC BOND MARKETS |
spellingShingle |
DOMESTIC BOND DEPOSIT CAPITAL MARKETS INTERNATIONAL FINANCIAL INTEGRATION EQUITY ISSUANCE LIABILITY FOREIGN CAPITAL ACCOUNTING INFORMATIONAL ASYMMETRIES INTERNATIONAL CAPITAL STOCK VALUATION INTEREST DUMMY VARIABLES EMERGING ECONOMIES PRIVATE CREDIT EXCHANGE STOCK MARKET ISSUANCES LIQUIDITY EQUITY MARKET POLITICAL ECONOMY MATURITY STRUCTURE DEBT ISSUANCES MARKET SIZE CAPITAL STRUCTURE EQUITY FINANCING DEPOSIT MONEY BANKS BONDS DISCOUNT ASYMMETRIC INFORMATION HOME MARKET BOND FINANCING DUMMY VARIABLE INTERNATIONAL BANK CASH FLOWS BOND ISSUERS MATURITY PRIVATE BOND FOREIGN MARKETS LONG-TERM DEBT LIQUID MARKETS DEBT CAPACITY BOND ISSUANCES AMOUNT OF CAPITAL MARKET LIQUIDITY CAPITAL ALLOCATION BOND ISSUER INITIAL PUBLIC OFFERINGS PUBLIC DEBT MARKET MARKET DEVELOPMENT FINANCIAL STUDIES DOMESTIC CAPITAL CONTRACTS BOND MARKET CAPITALIZATION BOND ISSUANCE CORPORATE BOND MARKET EMERGING MARKET FINANCIAL INSTITUTIONS MARKETS DEBT CAPITAL MARKET RETURN PRIMARY MARKETS PUBLIC FINANCE INTERNATIONAL ECONOMICS BOND ISSUING BANK CREDIT EQUITY MARKET CAPITALIZATION GROSS DOMESTIC PRODUCT EQUITIES FINANCIAL SYSTEM RETURN ON ASSETS FINANCE BANK POLICY TAXES BROKERS INVESTMENT DECISIONS INFORMATION ASYMMETRY EQUITY ISSUES IPO INVESTMENT BANKS EQUITY TRANSACTION SECURITIES MARKETS INVESTORS ISSUERS OF SECURITIES VALUATIONS BOND MARKETS OWNERSHIP STRUCTURE INTERNATIONAL TRADE DOMESTIC MARKETS PUBLIC OFFERINGS FINANCIAL STRUCTURES MARKET CAPITALIZATION FUTURE COMMERCIAL PAPER RETURNS CAPITAL RAISING EXCHANGES CAPITAL MARKET ACTIVITY BOND MARKET CAPITALIZATION RISK EXPOSURE DEBT SECURITIES ISSUANCE FIRM PERFORMANCE OFFSHORE FINANCIAL CENTERS CORPORATE INVESTMENT BALANCE SHEET MARKET STOCK MARKET DEVELOPMENT SECURITIES PUBLIC DEBT INSURANCE DEBT-EQUITY ECONOMIC DEVELOPMENT DEBT MARKET FINANCIAL LIBERALIZATION CAPITAL MARKET DEVELOPMENT CORPORATE BONDS EMERGING MARKET EQUITY SECURITY FINANCIAL DEVELOPMENT ACCOUNTING STANDARDS EQUITY MARKETS FINANCIAL MARKET INVESTMENT BOND DOMESTIC EQUITY CORPORATE BOND MARKET EQUITY BALANCE SHEETS FINANCIAL MARKETS CORPORATE BOND MARKETS EQUITY ISSUANCES FINANCIAL STRUCTURE INVESTMENTS LENDING CONSUMER PRICE INDEX STOCK RETURNS MATURITIES DOMESTIC CAPITAL MARKET PROFITS CAPITAL MARKET FINANCING LABOR MARKETS FINANCIAL SYSTEMS LIABILITIES FOREIGN EQUITY STOCK EXCHANGES INTERNATIONAL MARKETS CASH FLOW FINANCIAL SECTOR DEVELOPMENT STOCK MARKETS CORPORATE GOVERNANCE DOMESTIC BOND MARKETS DOMESTIC BOND DEPOSIT CAPITAL MARKETS INTERNATIONAL FINANCIAL INTEGRATION EQUITY ISSUANCE LIABILITY FOREIGN CAPITAL ACCOUNTING INFORMATIONAL ASYMMETRIES INTERNATIONAL CAPITAL STOCK VALUATION INTEREST DUMMY VARIABLES EMERGING ECONOMIES PRIVATE CREDIT EXCHANGE STOCK MARKET ISSUANCES LIQUIDITY EQUITY MARKET POLITICAL ECONOMY MATURITY STRUCTURE DEBT ISSUANCES MARKET SIZE CAPITAL STRUCTURE EQUITY FINANCING DEPOSIT MONEY BANKS BONDS DISCOUNT ASYMMETRIC INFORMATION HOME MARKET BOND FINANCING DUMMY VARIABLE INTERNATIONAL BANK CASH FLOWS BOND ISSUERS MATURITY PRIVATE BOND FOREIGN MARKETS LONG-TERM DEBT LIQUID MARKETS DEBT CAPACITY BOND ISSUANCES AMOUNT OF CAPITAL MARKET LIQUIDITY CAPITAL ALLOCATION BOND ISSUER INITIAL PUBLIC OFFERINGS PUBLIC DEBT MARKET MARKET DEVELOPMENT FINANCIAL STUDIES DOMESTIC CAPITAL CONTRACTS BOND MARKET CAPITALIZATION BOND ISSUANCE CORPORATE BOND MARKET EMERGING MARKET FINANCIAL INSTITUTIONS MARKETS DEBT CAPITAL MARKET RETURN PRIMARY MARKETS PUBLIC FINANCE INTERNATIONAL ECONOMICS BOND ISSUING BANK CREDIT EQUITY MARKET CAPITALIZATION GROSS DOMESTIC PRODUCT EQUITIES FINANCIAL SYSTEM RETURN ON ASSETS FINANCE BANK POLICY TAXES BROKERS INVESTMENT DECISIONS INFORMATION ASYMMETRY EQUITY ISSUES IPO INVESTMENT BANKS EQUITY TRANSACTION SECURITIES MARKETS INVESTORS ISSUERS OF SECURITIES VALUATIONS BOND MARKETS OWNERSHIP STRUCTURE INTERNATIONAL TRADE DOMESTIC MARKETS PUBLIC OFFERINGS FINANCIAL STRUCTURES MARKET CAPITALIZATION FUTURE COMMERCIAL PAPER RETURNS CAPITAL RAISING EXCHANGES CAPITAL MARKET ACTIVITY BOND MARKET CAPITALIZATION RISK EXPOSURE DEBT SECURITIES ISSUANCE FIRM PERFORMANCE OFFSHORE FINANCIAL CENTERS CORPORATE INVESTMENT BALANCE SHEET MARKET STOCK MARKET DEVELOPMENT SECURITIES PUBLIC DEBT INSURANCE DEBT-EQUITY ECONOMIC DEVELOPMENT DEBT MARKET FINANCIAL LIBERALIZATION CAPITAL MARKET DEVELOPMENT CORPORATE BONDS EMERGING MARKET EQUITY SECURITY FINANCIAL DEVELOPMENT ACCOUNTING STANDARDS EQUITY MARKETS FINANCIAL MARKET INVESTMENT BOND DOMESTIC EQUITY CORPORATE BOND MARKET EQUITY BALANCE SHEETS FINANCIAL MARKETS CORPORATE BOND MARKETS EQUITY ISSUANCES FINANCIAL STRUCTURE INVESTMENTS LENDING CONSUMER PRICE INDEX STOCK RETURNS MATURITIES DOMESTIC CAPITAL MARKET PROFITS CAPITAL MARKET FINANCING LABOR MARKETS FINANCIAL SYSTEMS LIABILITIES FOREIGN EQUITY STOCK EXCHANGES INTERNATIONAL MARKETS CASH FLOW FINANCIAL SECTOR DEVELOPMENT STOCK MARKETS CORPORATE GOVERNANCE DOMESTIC BOND MARKETS Levine, Ross Didier, Tatiana Schmukler, Sergio L. Capital Market Financing, Firm Growth, and Firm Size Distribution |
description |
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
large firms issue equity or bonds, and among them a small
subset has raised a large proportion of the funds raised
during the 1990s and 2000s. (2) Issuers grow faster than
non-issuers in assets, sales, and employment, that is, firms
do not simply use securities markets to adjust their
financial accounts. (3) The firm size distribution of
issuers evolves differently from that of non-issuers,
tightening among issuers and widening among non-issuers. |
format |
Working Paper |
topic_facet |
DOMESTIC BOND DEPOSIT CAPITAL MARKETS INTERNATIONAL FINANCIAL INTEGRATION EQUITY ISSUANCE LIABILITY FOREIGN CAPITAL ACCOUNTING INFORMATIONAL ASYMMETRIES INTERNATIONAL CAPITAL STOCK VALUATION INTEREST DUMMY VARIABLES EMERGING ECONOMIES PRIVATE CREDIT EXCHANGE STOCK MARKET ISSUANCES LIQUIDITY EQUITY MARKET POLITICAL ECONOMY MATURITY STRUCTURE DEBT ISSUANCES MARKET SIZE CAPITAL STRUCTURE EQUITY FINANCING DEPOSIT MONEY BANKS BONDS DISCOUNT ASYMMETRIC INFORMATION HOME MARKET BOND FINANCING DUMMY VARIABLE INTERNATIONAL BANK CASH FLOWS BOND ISSUERS MATURITY PRIVATE BOND FOREIGN MARKETS LONG-TERM DEBT LIQUID MARKETS DEBT CAPACITY BOND ISSUANCES AMOUNT OF CAPITAL MARKET LIQUIDITY CAPITAL ALLOCATION BOND ISSUER INITIAL PUBLIC OFFERINGS PUBLIC DEBT MARKET MARKET DEVELOPMENT FINANCIAL STUDIES DOMESTIC CAPITAL CONTRACTS BOND MARKET CAPITALIZATION BOND ISSUANCE CORPORATE BOND MARKET EMERGING MARKET FINANCIAL INSTITUTIONS MARKETS DEBT CAPITAL MARKET RETURN PRIMARY MARKETS PUBLIC FINANCE INTERNATIONAL ECONOMICS BOND ISSUING BANK CREDIT EQUITY MARKET CAPITALIZATION GROSS DOMESTIC PRODUCT EQUITIES FINANCIAL SYSTEM RETURN ON ASSETS FINANCE BANK POLICY TAXES BROKERS INVESTMENT DECISIONS INFORMATION ASYMMETRY EQUITY ISSUES IPO INVESTMENT BANKS EQUITY TRANSACTION SECURITIES MARKETS INVESTORS ISSUERS OF SECURITIES VALUATIONS BOND MARKETS OWNERSHIP STRUCTURE INTERNATIONAL TRADE DOMESTIC MARKETS PUBLIC OFFERINGS FINANCIAL STRUCTURES MARKET CAPITALIZATION FUTURE COMMERCIAL PAPER RETURNS CAPITAL RAISING EXCHANGES CAPITAL MARKET ACTIVITY BOND MARKET CAPITALIZATION RISK EXPOSURE DEBT SECURITIES ISSUANCE FIRM PERFORMANCE OFFSHORE FINANCIAL CENTERS CORPORATE INVESTMENT BALANCE SHEET MARKET STOCK MARKET DEVELOPMENT SECURITIES PUBLIC DEBT INSURANCE DEBT-EQUITY ECONOMIC DEVELOPMENT DEBT MARKET FINANCIAL LIBERALIZATION CAPITAL MARKET DEVELOPMENT CORPORATE BONDS EMERGING MARKET EQUITY SECURITY FINANCIAL DEVELOPMENT ACCOUNTING STANDARDS EQUITY MARKETS FINANCIAL MARKET INVESTMENT BOND DOMESTIC EQUITY CORPORATE BOND MARKET EQUITY BALANCE SHEETS FINANCIAL MARKETS CORPORATE BOND MARKETS EQUITY ISSUANCES FINANCIAL STRUCTURE INVESTMENTS LENDING CONSUMER PRICE INDEX STOCK RETURNS MATURITIES DOMESTIC CAPITAL MARKET PROFITS CAPITAL MARKET FINANCING LABOR MARKETS FINANCIAL SYSTEMS LIABILITIES FOREIGN EQUITY STOCK EXCHANGES INTERNATIONAL MARKETS CASH FLOW FINANCIAL SECTOR DEVELOPMENT STOCK MARKETS CORPORATE GOVERNANCE DOMESTIC BOND MARKETS |
author |
Levine, Ross Didier, Tatiana Schmukler, Sergio L. |
author_facet |
Levine, Ross Didier, Tatiana Schmukler, Sergio L. |
author_sort |
Levine, Ross |
title |
Capital Market Financing, Firm Growth, and Firm Size Distribution |
title_short |
Capital Market Financing, Firm Growth, and Firm Size Distribution |
title_full |
Capital Market Financing, Firm Growth, and Firm Size Distribution |
title_fullStr |
Capital Market Financing, Firm Growth, and Firm Size Distribution |
title_full_unstemmed |
Capital Market Financing, Firm Growth, and Firm Size Distribution |
title_sort |
capital market financing, firm growth, and firm size distribution |
publisher |
World Bank, Washington, DC |
publishDate |
2015-07 |
url |
http://documents.worldbank.org/curated/en/2015/07/24744318/capital-market-financing-firm-growth-firm-size-distribution https://hdl.handle.net/10986/22234 |
work_keys_str_mv |
AT levineross capitalmarketfinancingfirmgrowthandfirmsizedistribution AT didiertatiana capitalmarketfinancingfirmgrowthandfirmsizedistribution AT schmuklersergiol capitalmarketfinancingfirmgrowthandfirmsizedistribution |
_version_ |
1807157090353938432 |