Stock Market Liberalization and Operating Performance at the Firm Level

By Todd Mitton. 2006

262 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/7c227b076cfa4ef1aec71de5efc2fb8ebb033cef

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Citations in the corpus

Financial Openness and Productivity (2009, unknown): “Our work, together with the mounting micro-oriented evidence as in Chari and Henry (2008), Gupta and Yuan (2009) and Mitton (2006), is consistent with the notion that financial openness has indeed improved growth prospects for most countries.”
Large Foreign Ownership and Firm-Level Stock Return Volatility in Emerging Markets (2011, unknown): “For example, Mitton (2006) finds that firms accessible to foreign investors have significantly lower leverage.”
Firm-specific information and the efficiency of investment (2008, background): “In theory, the flow of resources into the capital-scarce countries should reduce their cost of 2 Mitton (2007) examines the impact of liberalization on firm-level operating performance, but does not examine the link between stock prices, investment, and efficiency.”
Credit constraints, equity market liberalizations and international trade (2008, background): “As in Rajan and Zingales (1998), external finance dependence is calculated as the share of capital expenditures not funded by cash flow from operations for the median U.”
Stock market liberalization and innovation (2021, unknown): “Previous studies (e.g., Mitton, 2006; Bekaert, Harvey, and Lundblad, 2011) argue that the liberalization of equity markets attracts more foreign investors who require better corporate governance, which effectively disciplines managers’ opportunistic behaviors and promotes firms’ investment…”
Do Foreigners Facilitate Information Transmission in Emerging Markets (2012, unknown): “Mitton (2006)”
Financial Globalization and Economic Policies (2009, unknown): “…link equity market liberalization to economic growth—including through increases in investment and total factor productivity growth (see Chari and Henry, 2004, 2005; Mitton, 2006).16 The empirical literature is fairly decisive about debt flows worsening the benefit-risk tradeoff related to inflows.”