For a better user experience please update your browser or use Chrome or Firefox browser.
Utiliidid
Publication detail
HomeCapital market financing, firm growth, and firm size distribution. No 4 / March 2016
Väljaande metaandmed
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 firm-level capital raising activity with balance sheet data for 45,527 listed firms in 51 countries. Three main patterns emerge from the analysis. - 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. - Issuers grow faster than non-issuers in terms of assets, sales, and employment, i.e., firms do not simply use securities markets to adjust their financial accounts. - The FSD of issuers evolves differently from that of non-issuers, tightening among issuers and widening among non-issuers.
- Avaldatud:
- Teemad: Ühenduse rahastamine , Ettevõtlus
- Teema: ettevõtluspoliitika , ettevõtte rahastamine , konkurentsivõime , rahvusvaheline turg , siseturg , turu kapitalisatsioon , võlakiri , võrdlusuuring , ärikorraldus
|
PDF
|
|||
| ISSN 2467-0677 | ISBN 978-92-95081-31-4 | DOI 10.2849/742612 | Katalooginumber DT-AD-16-004-EN-N |
- Released on EU publications website:
Dokumendivaataja
Note:
Väljaannet ei saa dokumendivaatajas kuvada. Ava veebiversioon
Selle nägemiseks klõpsake nupul „Allalaadimine ja keeled“