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New Firm Formation and Industry Growth : Does Having a Market- or Bank-Based System Matter?

The authors find no evidence for the superiority of either market-based or bank-based financial systems for industries dependent on external financing. But they find overwhelming evidence that industries heavily dependent on external finance grow f...

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Bibliographic Details
Main Authors: Beck, Thorsten, Levine, Ross
Language:English
en_US
Published: World Bank, Washington, DC 2014
Subjects:
ACCOUNTING STANDARDS
ANNUAL GROWTH
ANNUAL GROWTH RATE
BANK CREDIT
BANKING SECTOR
BANKS
BOARDS OF DIRECTORS
CAPITAL ACCUMULATION
CAPITAL EXPENDITURES
CAPITALIZATION
CASH FLOWS
CIVIL LAW
COMMON LAW
COMPARATIVE ADVANTAGE
COMPARATIVE ADVANTAGES
CONTRACT ENFORCEMENT
CORPORATE PROFITS
COUNTRY DATA
COUNTRY GROWTH REGRESSIONS
COUNTRY VARIATION
DEBT
DEPENDENT VARIABLE
DESCRIPTIVE STATISTICS
ECONOMIC ACTIVITY
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC PERFORMANCE
EMPIRICAL RESULTS
ENTREPRENEURSHIP
EXTERNAL FINANCE
FINANCIAL DEVELOPMENT
FINANCIAL INTERMEDIARIES
FINANCIAL INTERMEDIATION
FINANCIAL MARKETS
FINANCIAL SECTOR
FINANCIAL SECTOR DEVELOPMENT
FINANCIAL SERVICES
FINANCIAL STRUCTURE
FINANCIAL SYSTEM
FINANCIAL SYSTEMS
FINANCIAL TRANSACTIONS
GDP
GROSS DOMESTIC PRODUCT
GROWTH RATE
GROWTH RATES
INCOME
INDEPENDENT VARIABLES
INSTITUTIONAL DEVELOPMENT
LARGE SHAREHOLDERS
LEGAL ORIGIN
LEGAL SYSTEMS
LIQUID MARKETS
LIQUIDATION
LIQUIDITY
MARKET CAPITALIZATION
NATIONAL OUTPUT
NEGATIVE SIGN
POLICY RESEARCH
PRIVATE CREDIT
PRIVATE SECTOR
REORGANIZATION
RESOURCE ALLOCATION
REVERSE CAUSALITY
RULE OF LAW
SECTOR ACTIVITY
SHAREHOLDERS
SIGNIFICANT IMPACT
STOCK MARKET
STOCK MARKETS
STOCK PRICES
TAKEOVER
TRANSACTION COSTS
TRANSACTIONS COSTS
VALUE ADDED
Online Access:http://documents.worldbank.org/curated/en/2000/06/437118/new-firm-formation-industry-growth-having-market--or-bank-based-system-matter
http://hdl.handle.net/10986/19840

Internet

http://documents.worldbank.org/curated/en/2000/06/437118/new-firm-formation-industry-growth-having-market--or-bank-based-system-matter
http://hdl.handle.net/10986/19840

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