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Capital Structure, Rates of Return and Financing Corporate Growth: Comparing Developed and Emerging Markets, 1994-00 Author info | Abstract | Publisher info | Download info | Related research | Statistics Jack Glen
Ajit Singh
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Firm level data from financial statements for nearly 8,000 listed companies in 22 emerging and 22 developed countries over the period 1994-00 are examined. Capital structure, asset structure, rates of return and financing patterns are compared across countries and over time. Generally, there are as many similarities as differences between the two groups. The differences include lower levels of debt to finance assets and lower levels of current assets in emerging markets compared with developed countries. Returns on assets, expressed in local currency, are comparable in the two groups but appear more volatile in emerging markets. Capital Structure, Rates of Return and Financing Corporate Growth: Evidence from Developed and Emerging Markets, 1994-00
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Paper provided by ESRC Centre for Business Research in its series ESRC Centre for Business Research - Working Papers with number
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Date of creation: Jun 2003Date of revision:
Handle: RePEc:cbr:cbrwps:wp265Note: PRO-2Contact details of provider: Web page: http://www.cbr.cam.ac.uk/
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Keywords: Liberalisation Competitive Shocks Firm growth Turbulence Market structure India JEL Classification: G3 F36 L1 O16 References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
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Myers, Stewart C. & Majluf, Nicolás S., 1945-, 1984.
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Singh, A., 1995.
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Whittington, G & Saporta, V & Singh, A, 1997.
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Other versions: Domowitz, Ian & Glen, Jack & Madhavan, Ananth, 2001.
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"Financial Liberalisation, Stockmarkets and Economic Development ,"
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Other versions: Glen, Jack & Lee, Kevin & Singh, Ajit, 2001.
"Persistence of profitability and competition in emerging markets ,"
Economics Letters ,
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Halil Ibrahim Aydin & Cafer Kaplan & Mehtap Kesriyeli & Erdal Ozmen & Cihan Yalcin & Serkan Yigit, 2006.
"Corporate Sector Financial Structure in Turkey : A Descriptive Analysis ,"
Working Papers
0607, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
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