Equity market liberalization and firm growth

Agca, S., De Nicola, G., Detragiache, E., 2007. Financial reforms, financial openness, and corporate borrowing: international evidence. IMF Working Paper No. 186. Aggarwal, 2011, Does governance travel around the World? Evidence from institutional investors, Journal of Financial Economics, 100, 154, 10.1016/j.jfineco.2010.10.018 Bae, 2006, Stock market liberalization and the information environment, Journal of International Money and Finance, 25, 404, 10.1016/j.jimonfin.2006.01.004 Bae, 2010, Equity market liberalization and corporate governance, Journal of Corporate Finance, 16, 609, 10.1016/j.jcorpfin.2010.08.008 Bekaert, 2005, Does financial liberalization spur economic growth?, Journal of Financial Economics, 77, 3, 10.1016/j.jfineco.2004.05.007 Bekaert, 2007, Growth opportunities and market integration, Journal of Finance, 62, 1081, 10.1111/j.1540-6261.2007.01231.x Bekaert, 2010, Financial openness and productivity, World Development, 39, 1, 10.1016/j.worlddev.2010.06.016 Chari, 2008, Firm-specific information and the efficiency of investment, Journal of Financial Economics, 87, 636, 10.1016/j.jfineco.2007.03.008 DeAngelo, 1985, Managerial ownership of voting rights: a study of public corporations with dual classes of common stock, Journal of Financial Economics, 14, 33, 10.1016/0304-405X(85)90043-1 Demirguc-Kunt, 1998, Law, finance and firm growth, Journal of Finance, 53, 2107, 10.1111/0022-1082.00084 Djankov, 2008, The law and economics of self-dealing, Journal of Financial Economics, 88, 430, 10.1016/j.jfineco.2007.02.007 Doidge, 2004, Why are foreign firms listed in the U.S. worth more?, Journal of Financial Economics, 71, 205, 10.1016/S0304-405X(03)00183-1 Doidge, 2009, Private benefits of control, ownership, and the cross-listing decision, The Journal of Finance, 64, 425, 10.1111/j.1540-6261.2008.01438.x Durnev, 2005, To steal or not to steal: firm attributes, legal environment, and valuation, Journal of Finance, 60, 1461, 10.1111/j.1540-6261.2005.00767.x Durnev, 2007, Explaining differences in the quality of governance among companies: evidence from emerging markets, Journal of Applied Corporate Finance, 19, 16, 10.1111/j.1745-6622.2007.00122.x Fazzari, 1988, Financing constraints and corporate investment, Brookings Papers on Economic Activity, 1, 141, 10.2307/2534426 Ferreira, 2008, The color of investors’ money: the role of institutional investors around the world, Journal of Financial Economics, 88, 499, 10.1016/j.jfineco.2007.07.003 Flavin, 2010, The sequencing of stock market liberalization events and corporate financing decisions, Emerging Markets Review, 11, 183, 10.1016/j.ememar.2010.03.004 Grossman, 1988, One share-one vote and the market for corporate control, Journal of Financial Economics, 20, 175, 10.1016/0304-405X(88)90044-X Gupta, 2009, On the growth effects of stock market liberalizations, The Review of Financial Studies, 22, 4715, 10.1093/rfs/hhp001 Kaufmann, D., Kraay, A., Mastruzzi, M., 2007. Governance matters VI: aggregate and individual governance indicators 1996–2006. Unpublished Working Paper. World Bank. Khurana, 2008, Cross-listing and firm growth, Review of Finance, 12, 293, 10.1093/rof/rfm031 King, 2009, The long-term effects of cross-listing, investor recognition, and ownership structure on valuation, Review of Financial Studies, 22, 2393, 10.1093/rfs/hhn050 Lang, 2003, ADRs, analysts, and accuracy: does cross-listing in the U.S. improve a firm's information environment and increase market value?, Journal of Accounting Research, 41, 317, 10.1111/1475-679X.00106 La Porta, 1998, Law and finance, Journal of Political Economy, 106, 1113, 10.1086/250042 Lins, 2005, Do non-U.S. firms issue equity on U.S. stock exchanges to relax capital constraints?, Journal of Financial and Quantitative Analysis, 40, 109, 10.1017/S0022109000001769 Masulis, 2009, Agency costs at dual-class companies, Journal of Finance, 64, 1697, 10.1111/j.1540-6261.2009.01477.x Mitton, 2006, Stock market liberalization and operating performance at the firm level, Journal of Financial Economics, 81, 625, 10.1016/j.jfineco.2005.09.001 Mitton, 2012, Investability and firm value, European Financial Management, 18, 731, 10.1111/j.1468-036X.2010.00573.x McLean, R.D., Pontiff, J., Zhao, M., 2011. Equity market liberalization, fundamental volatility, and external finance. Unpublished Working Paper, Boston College. O’Connor, 2012, Investability, corporate governance and firm value, Research in International Business and Finance, 26, 120, 10.1016/j.ribaf.2011.09.001 Opazo, L., Raddatz, C., Schmukler, S., 2009. The long and short of emerging market debt. World Bank Policy Research Working Paper No. 5056. Petersen, 2009, Estimating standard errors in finance panel data sets: comparing approaches, Review of Financial Studies, 22, 435, 10.1093/rfs/hhn053 Reese, 2002, Protection of minority shareholder interests, cross-listings in the United States, and subsequent equity offerings, Journal of Financial Economics, 66, 65, 10.1016/S0304-405X(02)00151-4 Rodrik, 1998, Who needs capital account convertibility?, Princeton Essays in International Finance, 207, 1 Schmukler, 2006, Financial globalization and debt maturity in emerging economies, Journal of Development Economics, 79, 183, 10.1016/j.jdeveco.2004.12.006 Spamann, 2010, The “anti-director rights index” revisited, Review of Financial Studies, 23, 467, 10.1093/rfs/hhp067 Thompson, 2011, Simple formulas for standard errors that cluster by both firm and time, Journal of Financial Economics, 99, 1, 10.1016/j.jfineco.2010.08.016