Financial market frictions and diversification
Sign Up to like & getrecommendations! Published in 2018 at "Journal of Financial Economics"
DOI: 10.1016/j.jfineco.2017.09.006
Abstract: We find new facts that relate the evolution of firm scope to the changing frictions in external capital markets over the last three decades. We find that large, diversified publicly traded firms increase their scope… read more here.
Keywords: external capital; frictions diversification; market frictions; market ... See more keywords
Credit market frictions and trade liberalizations
Sign Up to like & getrecommendations! Published in 2020 at "Journal of Monetary Economics"
DOI: 10.1016/j.jmoneco.2019.01.013
Abstract: Abstract Are credit frictions a barrier to gains from trade liberalization? We find that the answer to this depends on whether or not the debt limits are endogenous and respond to profit opportunities. If so,… read more here.
Keywords: frictions trade; trade liberalizations; credit market; market frictions ... See more keywords