Market- vs. Bank-Based Financial Systems: Do Investor Rights Really Matter?

By Emre Ergungor. 2000

134 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/1792a68c38c7d9b8e0e648a957541c0358e280fb

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Citations in the corpus

A more complete conceptual framework for SME finance (2006, background): “That is, weaker legal systems may have more bank-based rather than capital-markets-based financing (Rajan and Zingales 2003, Ergungor 2004).”
A Survey Of Recent Developments In The Literature Of Finance And Growth (2008, background): “As an important extension to the existing body of knowledge, some studies have focused on the relative merits of a bank-based (‘German–Japanese’) financial system and a market-based (‘Anglo-Saxon’) financial system in promoting economic growth (see Allen and Gale, 1999, 2000; Beck and Levine, 2002; ”
Foreign Participation in Local-Currency Bond Markets (2004, background): “In the financial development literature, for example, the debate on the relative merits of bank-based and market-based financial systems typically excludes bonds; because of data limitations, in that literature market-based refers to equity market development only (Levine, 2002; Ergungor, 2004).”
National culture and financial systems (2006, background): “Instead of individuals conducting market (arms-length transactions) and subjecting themselves to these contractual costs, banks arise as institutions whereby they can use their market power to enforce contracts (Ergungor (2003)).”
A More Complete Conceptual Framework for Financing of Small and Medium Enterprises (2005, background): “That is, weaker legal systems may have more bank-based rather than capital-markets-based financing (Rajan and Zingales 2003, Ergungor 2004).”