The Financing and Growth of Firms in China and India : Evidence from Capital Markets

This paper studies the extent to which firms in China and India use capital markets to obtain financing and grow. Using a unique data set on domestic and international capital raising activity and firm performance, it finds that the expansion of fi...

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Bibliographic Details
Main Authors:	Didier, Tatiana, Schmukler, Sergio L.
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2013
Subjects:	ACCESS TO CAPITAL ACCESS TO FINANCE ACCOUNTING ACCOUNTING STANDARDS ADB AGRICULTURE AMOUNT OF CAPITAL ASIAN BOND MARKETS BALANCE SHEET BANK ASSETS BANK FINANCING BANK FOR INTERNATIONAL SETTLEMENTS BANK POLICY BANKING SECTOR BANKING SYSTEM BENCHMARK BOND BOND FINANCING BOND ISSUANCE BOND MARKET BOND MARKET CAPITALIZATION BOND MARKETS BONDS BROKERS BUSINESS OPPORTUNITIES CAPITAL EXPENDITURES CAPITAL MARKET CAPITAL MARKET ACTIVITY CAPITAL MARKET DEVELOPMENT CAPITAL MARKET FINANCING CAPITAL MARKETS CAPITAL RAISING CAPITAL STRUCTURE CASH FLOWS COMMERCIAL PAPER COMPANY COMPARATIVE ECONOMICS CONSUMER PRICE INDEX CORPORATE BOND CORPORATE BOND ISSUES CORPORATE BOND MARKETS CORPORATE FINANCING CORPORATE VALUATION CORPORATION CORPORATIONS COST OF CAPITAL DEBT DEBT ISSUES DEREGULATION DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DOMESTIC BOND DOMESTIC BOND MARKET DOMESTIC BOND MARKETS DOMESTIC EQUITY DOMESTIC MARKET DOMESTIC MARKETS DUMMY VARIABLE DUMMY VARIABLES EARNINGS ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC LIBERALIZATION EMERGING ECONOMIES EMERGING STOCK MARKET EMPLOYEE EQUALITY EQUITIES EQUITY CAPITAL EQUITY FINANCING EQUITY ISSUANCE EQUITY ISSUES EQUITY MARKET EQUITY MARKET CAPITALIZATION EQUITY MARKETS EQUITY SECURITIES EVOLUTIONARY ECONOMICS EXCHANGE RATE EXCLUSION EXPANSION EXPENDITURE EXPENDITURES EXTERNAL CAPITAL FEDERAL RESERVE FEDERAL RESERVE BANK FINANCIAL ASSETS FINANCIAL CHALLENGES FINANCIAL CRISIS FINANCIAL DEEPENING FINANCIAL DEVELOPMENT FINANCIAL GLOBALIZATION FINANCIAL HEALTH FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIATION FINANCIAL LIBERALIZATION FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICES FINANCIAL STRUCTURE FINANCIAL STUDIES FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCING OBSTACLES FIRM PERFORMANCE FIRM SIZE FIRM SIZES FIRMS FIXED CAPITAL FOREIGN CAPITAL FOREIGN EQUITY FOREIGN FINANCING FOREIGN INVESTORS FOREIGN MARKET FOREIGN MARKETS GDP GLOBAL FINANCE GLOBALIZATION GREATER ACCESS GROUP OF FIRMS GROWTH OPPORTUNITIES GROWTH RATE INFLATION INFORMAL FINANCE INITIAL PUBLIC OFFERING INSTITUTIONAL DEVELOPMENT INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INTERNAL FINANCE INTERNAL FINANCING INTERNATIONAL BANK INTERNATIONAL CAPITAL INTERNATIONAL COMMERCE INTERNATIONAL DIVERSIFICATION INTERNATIONAL ECONOMICS INTERNATIONAL FINANCIAL INTEGRATION INTERNATIONAL MARKETS INTERNATIONAL SETTLEMENTS INTERNATIONAL TRADE INVENTORIES INVESTMENT BANKS INVESTMENT CAPITAL INVESTMENT OPPORTUNITIES IPO ISSUANCES KEY PERFORMANCE INDICATORS LEGAL CONSTRAINTS LIABILITY LIQUIDITY LIQUIDITY CONSTRAINTS LISTED COMPANIES LOCAL MARKETS LONG-TERM LIABILITIES MACROECONOMICS MARKET CONDITIONS MARKET DEPTH MARKET REFORMS MATURITY MATURITY STRUCTURE MERCHANTS MERGERS MUTUAL FUNDS OPEN ECONOMIES OWNERSHIP STRUCTURE PENSION PENSION FUNDS POLITICAL ECONOMY PORTFOLIO PORTFOLIO HOLDINGS PRIVATE BOND PRODUCTIVITY PROFITABILITY PUBLIC SECTOR BONDS REAL ESTATE RECEIPT RETAINED EARNINGS RETURN RETURN ON ASSETS SALES GROWTH SAVINGS SECONDARY MARKET SECONDARY MARKET ACTIVITY SECURITIES SECURITIES MARKETS SIDE EFFECTS SMALL FIRMS STOCK EXCHANGES STOCK MARKET STOCK MARKET CAPITALIZATION STOCK MARKETS SUBSIDIARIES TRADE CREDIT TRADING TRANSACTION VALUATION WTO
Online Access:	http://documents.worldbank.org/curated/en/2013/04/17548887/financing-growth-firms-china-india-evidence-capital-markets http://hdl.handle.net/10986/13198

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http://documents.worldbank.org/curated/en/2013/04/17548887/financing-growth-firms-china-india-evidence-capital-markets
http://hdl.handle.net/10986/13198

The Financing and Growth of Firms in China and India : Evidence from Capital Markets

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