This paper studies the extent to which firms in China and India use capital markets to obtain financing and grow. Using a unique data set on domestic and international capital raising activity and firm performance, it finds that the expansion of financial market activity since the 1990s has been more limited than what the aggregate figures suggest. Relatively few firms raise capital. Even fewer firms capture the bulk of the financing. Moreover, firms...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2013/04/01
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Рабочий документ в рамках исследования вопросов политики
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WPS6401
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1
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1
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2013/04/01
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Disclosed
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The financing and growth of firms in China and India : evidence from capital markets
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Finance & Private Sector Development
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