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Tekijä: | Wurgler, J. |
Otsikko: | Financial markets and the allocation of capital |
Lehti: | Journal of Financial Economics
2000 : OCT-NOV, VOL. 58:1-2, p. 187-214 |
Asiasana: | Financial markets Financial models Money markets Shareholders Investors |
Kieli: | eng |
Tiivistelmä: | There is little direct evidence on whether and how financial markets improve the allocation of capital. This paper takes a step toward filling the gap. The main finding is that developed financial markets relative to GDP, are associated with a better allocation of capital. |
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