Three new working papers that I had been meaning to write about. Never got around to it.
- How important are financing constraints? The role of finance in the business environment, by Maksimovic, Ayyagari and Demirguc-Kunt
- Can foreign portfolio investment bridge the small firm financing gap around the world?, by April Knill
- Taking the bad with the good: volatility of foreign portfolio investment and financial constraints of small firms, by April Knill
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