The Quality Effect : Does Financial Liberalization Improve the Allocation of Capital? /
The study documents evidence of a "quality effect" of financial liberalization on allocative efficiency, which is measured by the dispersion in Tobin's Q across firms. Based on a simple model, the authors predict that financial liberalization, by equalizing access to credit, reduces t...
| 第一著者: | |
|---|---|
| その他の著者: | , |
| フォーマット: | 雑誌 |
| 言語: | English |
| 出版事項: |
Washington, D.C. :
International Monetary Fund,
2004.
|
| シリーズ: | IMF Working Papers; Working Paper ;
No. 2004/112 |
| オンライン･アクセス: | Full text available on IMF |