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Firm Dynamics and Financial Development

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NBER2009-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w15193
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This paper studies the impact of cross-country variation in financial market development on firms' financing choices and growth rates using comprehensive firm-level datasets. We document that in less financially developed economies, small firms grow faster and have lower debt to asset ratios than
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2009-07-01
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