Industry Growth and Capital Allocation: Does Having a Market- or Bank-Based System Matter?

By Thorsten Beck, Ross Levine. 2002

1,094 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/d88374882fce05f33b6c21ef2d564bdfcd7072e9

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Citations in the corpus

The impact of government ownership on bank risk (2013, neutral): “Beck and Levine (2002) also fail to find any positive effect of GOBs on economic growth.”
Financial Development, Economic Efficiency and Productivity Growth: Evidence from China (2006, background): “More recently, Beck and Levine (2002) use a cross-industry and cross-country panel to examine the relationship between financial structure, industry growth and new establishment formation.”
Bank stock returns and economic growth (2008, positive): “…instruments of financial development in the finance and growth literature to extract the exogenous component of financial development, and are found to boost growth of the levels of country (Beck, et, al 2000), industry (Beck and Levine 2002) and firm growth (Demirguc-Kunt and Maksimovic 1998 ).”
Bank Regulation and Supervision: What Works Best? (2001, background): “Much empirical evidence confirms the law and finance view’s predictions [LLSV, 1998; Levine, 1999; Beck and Levine, 2001; Beck, Demirguc-Kunt, and Levine, 2001].”
Property rights protection, corporate transparency, and growth (2009, neutral): “Beck and Levine (2002) use a similar measure to evaluate the merits of market-based system versus a bank-based system. Chen, Goldstein, and Jiang (2007) apply investment sensitivity with respect to investment opportunities to measure investors’ perception of capital allocation efficiency. They docum”
Political connections, financing and firm performance: Evidence from Chinese private firms ☆ (2008, background): “…to prevailing thought in the literature on law, institutions, finance, and growth that stresses the role of legal origin and institutions in finance and growth (La Porta et al., 1998, 1999, 2000; Demirguc-Kunt and Maksimovic, 1998; Levine, 1999; Beck and Levine, 2002; Djankov et al., 2003).”
Stock market liberalization and innovation (2021, background): “…shown that the size and depth of a country’s financial system positively affects its future growth per capita, real income, employment, entrepreneurship, and output (e.g., King and Levine, 1993; Jayaratne and Strahan, 1996; Rajan and Zingales, 1998; Beck and Levine, 2002; Black and Strahan, 2002).”
The Importance of Reporting Incentives: Earnings Management in European Private and Public Firms (2006, positive): “We employ two variables from Beck and Levine (2002) to capture these aspects and interact them with PUBL.”
The Evolving Importance of Banks and Securities Markets (2011, background): “3 hence whether impediments to changes in the mixture of banks and markets hamper economic development (Beck and Levine, 2002; Demirguc-Kunt and Maksimovic, 2002; Levine, 2002).”
Law, endowments, and finance (2003, methodology): “8 In particular, see Beck, Levine, and Loayza (2000) on the finance and productivity growth relationship, Wurgler (2000) on the finance and industry allocation of capital relationship, Demirguc-Kunt and Maksimovic (1998) on the finance and firm growth link, Demirguc-Kunt and Detragiache (2002) on th”
Effects of International Institutional Factors on Earnings Quality of Banks (2014, neutral): “3 Managing earnings to just-meet-or-beat prior year's earnings Beatty et al. (2002) and Altamuro and Beatty (2008) report that managers have incentive to manage earnings to just-meet-or-beat prior period’s earnings.”