The Resource Financial Reforms, Financial Openness, and Corporate Borrowing, (electronic resource)

Financial Reforms, Financial Openness, and Corporate Borrowing, (electronic resource)

Label
Financial Reforms, Financial Openness, and Corporate Borrowing
Title
Financial Reforms, Financial Openness, and Corporate Borrowing
Title variation
  • IMF Working Papers
  • Financial Reforms, Financial Openness, and Corporate Borrowing
Creator
Contributor
Subject
Genre
Language
  • eng
  • eng
Summary
We study how credit market deregulation and increased international financial openness have changed corporate borrowing. The evidence comes from a large panel of publicly traded firms in 38 countries over the period 1994-2002. Reforms are measured with a comprehensive new index that tracks six separate dimensions. We find that these transformations have increased leverage and lengthened debt maturity in advanced economies, as expected, suggesting that in these countries corporate credit markets have become deeper. In emerging economies, the picture is more mixed: more international openness ha
Member of
Cataloging source
AU-PeEL
http://library.link/vocab/creatorName
Detragiache, Enrica
Language note
English
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • De Nicoló, Gianni
  • Agca, Senay
Series statement
IMF Working Papers
Label
Financial Reforms, Financial Openness, and Corporate Borrowing, (electronic resource)
Instantiates
Publication
Note
Description based upon print version of record
Carrier category
online resource
Carrier category code
cr
Content category
text
Content type code
txt
Contents
  • Contents; I. Introduction; II. Literature Review; III. Data Overview; A. Leverage and debt maturity across countries and time; B. The domestic financial reforms index; C. Financial Openness; IV. Methodology; A. The empirical model; B. Firm level controls; C. Country-level controls; V. The Results; A. Leverage, debt maturity and firm characteristics; B. The impact of some country specific characteristics; C. The impact of domestic financial reforms and international financial openness; D. Disentangling the effects of financial reforms; E. Financial Constraints; F. Robustness; VI. Conclusion
  • Tables1. Descriptive Statistics; 2. Leverage, Financial Openness and Financial Liberalization; 3. Debt Maturity, Financial Openness and Financial Liberalization; 4. The Impact of Financial Openness and Financial Liberalization on Leverage and Debt; 5. Alternative Specifications with Financial Liberalization Index; 6. Alternative Specifications with the Components of Financial Liberalization Index; Figures; 1: Evolution of Leverage, Debt Maturity, DFL index and financial openness; Appendix; References
Dimensions
unknown
Extent
1 online resource (49 p.)
Form of item
electronic
Isbn
9781451999419
Media category
computer
Media type code
c
Specific material designation
remote
System control number
  • (CKB)3360000000443174
  • (EBL)1607516
  • (SSID)ssj0001475879
  • (PQKBManifestationID)11897459
  • (PQKBTitleCode)TC0001475879
  • (PQKBWorkID)11491263
  • (PQKB)10753307
  • (EXLCZ)993360000000443174
Label
Financial Reforms, Financial Openness, and Corporate Borrowing, (electronic resource)
Publication
Note
Description based upon print version of record
Carrier category
online resource
Carrier category code
cr
Content category
text
Content type code
txt
Contents
  • Contents; I. Introduction; II. Literature Review; III. Data Overview; A. Leverage and debt maturity across countries and time; B. The domestic financial reforms index; C. Financial Openness; IV. Methodology; A. The empirical model; B. Firm level controls; C. Country-level controls; V. The Results; A. Leverage, debt maturity and firm characteristics; B. The impact of some country specific characteristics; C. The impact of domestic financial reforms and international financial openness; D. Disentangling the effects of financial reforms; E. Financial Constraints; F. Robustness; VI. Conclusion
  • Tables1. Descriptive Statistics; 2. Leverage, Financial Openness and Financial Liberalization; 3. Debt Maturity, Financial Openness and Financial Liberalization; 4. The Impact of Financial Openness and Financial Liberalization on Leverage and Debt; 5. Alternative Specifications with Financial Liberalization Index; 6. Alternative Specifications with the Components of Financial Liberalization Index; Figures; 1: Evolution of Leverage, Debt Maturity, DFL index and financial openness; Appendix; References
Dimensions
unknown
Extent
1 online resource (49 p.)
Form of item
electronic
Isbn
9781451999419
Media category
computer
Media type code
c
Specific material designation
remote
System control number
  • (CKB)3360000000443174
  • (EBL)1607516
  • (SSID)ssj0001475879
  • (PQKBManifestationID)11897459
  • (PQKBTitleCode)TC0001475879
  • (PQKBWorkID)11491263
  • (PQKB)10753307
  • (EXLCZ)993360000000443174

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