Does Financial Liberalization Reduce Financing Constraints

By Luc Laeven. 2003

472 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/ed0f8644675ec0b94c622d7f8a2329a9873a3254

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Citations in the corpus

One Cost of the Chilean Capital Controls: Increased Financial Constraints for Smalles Traded Firms (2003, unknown): “See Love (2003) for an excellent discussion of why cash stock is a better proxy for Cash than cash flow. generally support theoretical predictions.”
Short-Run Pain, Long-Run Gain: Financial Liberalization and Stock Market Cycles (2007, background): “More recently, Laeven (2003) constructs an index of domestic financial sector liberalization for 13 developing countries covering the period 1988–1998.”
Business groups in China (2013, background): “Laeven (2003) finds that financial liberalization relaxes financing constraints on firms, especially small ones, while Love (2003) provides evidence that financial development influences growth by reducing financial constraints.”
Measuring firms' access to finance (2006, methodology): “and policies. Utilizing the investment-cash-flow sensitivity approach, Laeven (2003) shows that”
Local Bank, Digital Financial Inclusion and SME Financing Constraints: Empirical Evidence from China (2021, methodology): “To avoid heterogeneity, we use a set of firm-level and province-level control variables following several relevant studies about SME financing constraints and external financing (see Hasan et al. 2017; Laeven 2003; Petersen and Rajan 1994; Rice and Strahan 2010).”
Global Capital Flows and Financing Constraints (2002, result): “For example, Laeven (2003) finds that financial liberalization 6 Our results are in contrast to Harrison and McMillan (2001), who found that financing constraints of firms in Cote d’Ivoire were exacerbated by the presence of foreign firms, which borrowed heavily on domestic credit markets and…”
The Econometrics of Finance and Growth (2008, methodology): “While the three approaches discussed so far − cross-country instrumental variable regressions, VAR models and differences-in-differences estimation − have tried to 32 The differences-in-differences approach of Rajan and Zingales has subsequently been used by many other researchers interested in the ”
Equity market liberalization and corporate governance (2010, unknown): “1 See Bekaert and Harvey (2000), Henry (2000a), Kim and Singal (2000), and Chari and Henry (2004) for evidence of stock price revaluations at the time of liberalization.”
Institutional determinants of R&D investment: Evidence from emerging markets (2019, background): “Better institutions promote financial market liberalisation which in effect encourages R&D investment by reducing financial constraints of the firms (Laeven, 2003).”
Banks and Innovation: Microeconometric Evidence on Italian Firms (2008, background): “See Laeven (2003) for micro evidence for several countries.”