The DOI matches its Crossref record; 68 of the 68 references it cites were found in a registry or an index.
Industry Growth and Capital Allocation: Does Having a Market- or Bank-Based System Matter?
Open accessAbstract
Are market-based or bank-based financial systems better at financing the expansion of industries that depend heavily on external finance, facilitating the formation of new establishments, and improving the efficiency of capital allocation across industries?We find evidence for neither the market-based nor the bank-based hypothesis.While legal system efficiency and overall financial development boost industry growth, new establishment formation, and efficient capital allocation, having a bank-based or market-based system per se does not seem to matter much.
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Cites
La Porta, R., Lopez‐de‐Silanes, F., Shleifer, A., & Vishny, R. W. (1998) · Journal of Political Economy · doi:10.1086/250042 · Cited by 18,025
Legal Determinants of External Finance
LA PORTA, R., LOPEZ‐DE‐SILANES, F., SHLEIFER, A., & VISHNY, R. W. (1997) · The Journal of Finance · doi:10.1111/j.1540-6261.1997.tb02727.x · Cited by 9,783
Financial intermediation and delegated monitoring
Diamond, D. W. (1984) · The Review of Economic Studies · doi:10.2307/2297430 · Cited by 8,476
Large Shareholders and Corporate Control
Shleifer, A., & Vishny, R. W. (1986) · Journal of Political Economy · doi:10.1086/261385 · Cited by 8,408
Financial Dependence and Growth
Rajan, R., & Zingales, L. (1996) · National Bureau of Economic Research · doi:10.3386/w5758 · Cited by 7,730
Investor protection and corporate governance
La Porta, R., Lopez-de-Silanes, F., Shleifer, A., & Vishny, R. (2000) · Journal of Financial Economics · doi:10.1016/s0304-405x(00)00065-9 · Cited by 6,848
La Porta, R. (1999) · Journal of Law, Economics, and Organization · doi:10.1093/jleo/15.1.222 · Cited by 5,699
Financial Development and Economic Growth: Views and Agenda
Levine, R. E. (n.d.) · RePEc: Research Papers in Economics · Cited by 4,687
Self-citationFinancial intermediation and growth: Causality and causes
Levine, R., Loayza, N., & Beck, T. (2000) · Journal of Monetary Economics · doi:10.1016/s0304-3932(00)00017-9 · Cited by 4,414
Self-citationEconomic Backwardness in Historical Perspective.
Nove, A., & Gerschenkron, A. (1963) · Economica · doi:10.2307/2601558 · Cited by 4,183
Cited by
Chapter 12 Finance and Growth: Theory and Evidence
Levine, R. (2005) · Handbook of Economic Growth · doi:10.1016/s1574-0684(05)01012-9 · Cited by 2,889
Self-citationWhat matters for financial development? Capital controls, institutions, and interactions
Chinn, M. D., & Ito, H. (2006) · Journal of Development Economics · doi:10.1016/j.jdeveco.2005.05.010 · Cited by 2,650
Bank regulation and supervision: what works best?
Barth, J. R., Caprio, G., & Levine, R. (2004) · Journal of Financial Intermediation · doi:10.1016/j.jfi.2003.06.002 · Cited by 2,296
Self-citationPoliticians and banks: Political influences on government-owned banks in emerging markets
DINC, I. (2005) · Journal of Financial Economics · doi:10.1016/j.jfineco.2004.06.011 · Cited by 1,237
Arcand, J. L., Berkes, E., & Panizza, U. (2015) · Journal of Economic Growth · doi:10.1007/s10887-015-9115-2 · Cited by 1,136
Metadata
- Authors
- Beck, T., & Levine, R.
- Venue
- National Bureau of Economic Research
- Publisher
- National Bureau of Economic Research
- Published
- 2002-06
- OpenAlex
- W2117000114
- Cited by
- 830
- References
- 68
- Type
- report
- Language
- en
- Open access
- green
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