Corporate Finance, Financial Development, and Growth

Ricardo Bebczuk ()

in Premio de Banca Central Rodrigo Gómez / Central Banking Award "Rodrigo Gómez" from Centro de Estudios Monetarios Latinoamericanos, CEMLA

Abstract: The paper examine the relevance of informational asymetries in the transmission process from financial development to growth. A simple growth model has hightlighted the hypothesis that firms with valuable invesment opportunities but insufficient internal funds may grow faster should their acces to external sources be enhanced. The present work finds a similar relationship between information frictions and long-run growth.

Keywords: Corporate finance; Financial development; Growth (search for similar items in EconPapers)
JEL-codes: C32 E32 F34 (search for similar items in EconPapers)
Date: 2000
ISBN: 968-6154-78-7
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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