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During the past decades, firms from emerging economies have significantly increased the amount of financing obtained in … have been a key driver of the observed trends in capital market financing since the early 2000s. As domestic markets … developed, more and smaller firms gained access to equity and corporate bond financing. Domestic markets also helped some …
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This paper reviews the literature on the role of public equity markets in the innovation ecosystem. The review highlights the importance of public equity markets in funding the research and development activities of young and high growth firms. It also illustrates the dependence of venture...
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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 (FSD)? To evaluate these questions, we construct a new dataset by matching data on...
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This paper shows that finance has been a key ingredient of long-term economic growth in OECD and G20 countries over the past half-century, but that there can be too much finance. The evidence indicates that at current levels of household and business credit further expansion slows rather than...
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