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Can Foreign Portfolio Investment Bridge the Small Firm Financing Gap Around the World?
The author examines the impact of foreign portfolio investment on the financial constraints of small firms. Using a dataset of over 195,000 firm-year observations across 53 countries, the author examines the impact of foreign portfolio investment on capital issuance and firm growth across countries and firm characteristics, in particular size.
Geography
Link
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=753605