Financial development and allocation of external finance
1.
SYSNO ASEP
0337807
Document Type
C - Proceedings Paper (int. conf.)
R&D Document Type
Conference Paper
Title
Financial development and allocation of external finance
Author(s)
Bena, J. (CZ) Ondko, Peter (NHU-C)
Source Title
Proceedings of 27th International Conference Mathematical Methods in Economics 2009. - Prague : Czech University of Life Sciences Prague, 2009 / Brožová Helena
- ISBN 978-80-213-1963-9
Pages
s. 19-23
Number of pages
5 s.
Action
27th International Conference Mathematical Methods in Economics 2009
Event date
09.09.2009-11.09.2009
VEvent location
Kostelec nad Černými lesy
Country
CZ - Czech Republic
Event type
CST
Language
eng - English
Country
CZ - Czech Republic
Keywords
financial system ; allocation of resources ; external finance
Subject RIV
AH - Economics
R&D Projects
GA402/09/1595 GA ČR - Czech Science Foundation (CSF)
CEZ
MSM0021620846 - NHU-C
UT WOS
000275146900003
Annotation
We investigate the role of financial system to facilitate efficient allocation of resources into perspective projects. Employing micro-level data on European firms in 1996-2005 period, we provide evidence that firms in industries with the best growth opportunities use more external finance in financially more developed countries.
Workplace
Economics Institute - CERGE
Contact
Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122
Year of Publishing
2010
Number of the records: 1
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