Long stifled by government controls, emerging market (EM) corporate finance is changing dramatically as recent liberalization is revitalizing stagnant domestic capital markets and permitting increased access to overseas markets. This paper examines how EM firms choose between debt and equity in their financing decisions. The paper starts with a discussion of the traditional features of EM corporate finance. It then presents a simple framework for...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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1994/07/31
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Публикации
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IFD22
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1
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1
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2024/08/30
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Disclosed
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Debt or equity? How firms in developing countries choose
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cost of equity capital