Financial liberalization, private investment and portfolio choice: Financialization of real sectors in emerging markets

By Firat Demir. 2009

596 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/4b0574dd75318f0ac6f6bc7e31be349519fac2aa

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In Economics and Econometrics

Citations in the corpus

Financialisation in emerging economies: a systematic overview and comparison with Anglo-Saxon economies (2017, background): “In the case of EME financialisation, much of the existing research is part of either the post-Keynesian (Demir 2007, 2009; Correa, Vidal, and Marshall 2012), Marxist (Ashman, Fine, and Newman 2011; Lapavitsas 2013) or Institutionalist tradition (such as the regulationist school, Becker et al. 2010).”
Macroeconomic and institutional determinants of financialisation of non-financial firms: Case study of Turkey (2014, methodology): “With regards to macroeconomic factors, the findings of three previous studies, Stockhammer (2004), Orhangazi (2008b), and Demir (2009), are comparable to the findings of this study. Among these studies, Demir (2009) showed for Argentina, Mexico, and Turkey that the rate of return differential in fav”
Financialization in Developing and Emerging Countries (2013, methodology): “This is a key research issue in the work of Firat Demir (Demir 2007, 2009a, 2009b): using micro-level data for Argentinean, Mexican, and Turkish firms, he finds that policies of financial liberalization do not significantly contribute to reduce capital market imperfections, while the availability…”
The effects of financialization on investment: evidence from firm-level data for the UK (2018, methodology): “Kuh and Meyer, 1955; Evans, 1967) the capital expenditure was almost entirely explained by expected profitability measured by sales. In contrast, the early neoclassical approach modelled the firm's investment decision as a static maximization problem of discounted flows of profits over an infinite t”
Subordinated Financial Integration and Financialisation in Emerging Capitalist Economies: The Brazilian Experience (2018, background): “Demir (2009b) shows for Argentina, Mexico, and Turkey that financial investments have crowded out real investments, thereby reducing capital accumulation.”
Financialization and the global economy (2010, background): “In the meantime a growing empirical literature has aimed to demonstrate that increasing financial activity of non-financial firms has had a negative effect on (real) investment of these firms (Stockhammer 2004, Orhangazi 2008, Demir 2009).”