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| Tekijä: | Mitton, T. |
| Otsikko: | Stock market liberalization and operating performance at the firm level |
| Lehti: | Journal of Financial Economics
2006 : SEP, VOL. 81:3, p. 625-647 |
| Asiasana: | foreign investment liberalization stock markets |
| Vapaa asiasana: | operating performance |
| Kieli: | eng |
| Tiivistelmä: | This article uses company-specifc measures of openness to foreign investors to study the impact of stock market liberalization on company-level operating performance. In a sample of over 1100 companies from 28 countries, companies with stocks that are open to foreign investors experience higher growth, greater investment, greater profitability, greater efficiency, and lower leverage. |
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