Development of financial markets and the size distribution of manufacturing establishments: International comparisons

Institutional determinants have largely been neglected in explaining international differences in the size distribution of manufacturing establishments. This paper draws on recent developments in institutional analysis to derive certain hypotheses concerning the way in which the size distribution wi...

Full description

Saved in:
Bibliographic Details
Published in:World development 1992-10, Vol.20 (10), p.1489-1499
Main Authors: Nugent, Jeffrey B., Nabli, Mustapha K.
Format: Article
Language:English
Subjects:
Capital market
Comparative Study
Development
Economic Development
Factories
Finance
Foreign Affairs
Industrial Enterprises
Industry
Large enterprises
Manufacturing
Market
Markets
Size
Social research
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Institutional determinants have largely been neglected in explaining international differences in the size distribution of manufacturing establishments. This paper draws on recent developments in institutional analysis to derive certain hypotheses concerning the way in which the size distribution within manufacturing is affected by the degree of development of the markets for debt and equity. These hypotheses are tested on the basis of an international cross- section of 54 countries. The results are generally supportive of the hypotheses, especially in the case of developing countries.
ISSN:0305-750X
1873-5991
DOI:10.1016/0305-750X(92)90069-8