Daniela Klingebiel - Academia.edu (original) (raw)
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Papers by Daniela Klingebiel
Journal of Empirical Finance, 2006
We study how local stock market development and internationalizationlisting, trading, and capita... more We study how local stock market development and internationalizationlisting, trading, and capital raising in international exchangesare related to economic fundamentals. Using panel data, we find that higher-income economies with sounder macro policies, more efficient legal ...
Policy Research Working Papers, 1999
… -Wharton Papers on …, 2002
... By Stijn Claessens, Daniela Klingebiel, and Sergio L. Schmukler* First Draft December 3, 2001... more ... By Stijn Claessens, Daniela Klingebiel, and Sergio L. Schmukler* First Draft December 3, 2001 Abstract ... The determinants of (new) domestic offerings at the firm level have been much studied (see, for example, Pagano, Panetta, and Zingales, 1998 for a recent review and ...
The Brazilian equity market is characterized by relatively low liquidity, high cost of capital (l... more The Brazilian equity market is characterized by relatively low liquidity, high cost of capital (low firm valuation), and limited new capital raising. Ownership concentration of corporations is high, with large wedges between control and cash flow rights, leading to large differences in pricing of non-voting and voting shares, reflecting the risks of expropriation by insiders. In recent years, much of
Policy Research Working Papers, 2002
Policy Research Working Papers, 2001
Policy Research Working Papers, 2000
SSRN Electronic Journal, 2000
SSRN Electronic Journal, 2000
SSRN Electronic Journal, 2000
SSRN Electronic Journal, 2000
Policy Research Working Papers, 1999
Journal of Empirical Finance, 2006
We study how local stock market development and internationalizationlisting, trading, and capita... more We study how local stock market development and internationalizationlisting, trading, and capital raising in international exchangesare related to economic fundamentals. Using panel data, we find that higher-income economies with sounder macro policies, more efficient legal ...
Policy Research Working Papers, 1999
… -Wharton Papers on …, 2002
... By Stijn Claessens, Daniela Klingebiel, and Sergio L. Schmukler* First Draft December 3, 2001... more ... By Stijn Claessens, Daniela Klingebiel, and Sergio L. Schmukler* First Draft December 3, 2001 Abstract ... The determinants of (new) domestic offerings at the firm level have been much studied (see, for example, Pagano, Panetta, and Zingales, 1998 for a recent review and ...
The Brazilian equity market is characterized by relatively low liquidity, high cost of capital (l... more The Brazilian equity market is characterized by relatively low liquidity, high cost of capital (low firm valuation), and limited new capital raising. Ownership concentration of corporations is high, with large wedges between control and cash flow rights, leading to large differences in pricing of non-voting and voting shares, reflecting the risks of expropriation by insiders. In recent years, much of
Policy Research Working Papers, 2002
Policy Research Working Papers, 2001
Policy Research Working Papers, 2000
SSRN Electronic Journal, 2000
SSRN Electronic Journal, 2000
SSRN Electronic Journal, 2000
SSRN Electronic Journal, 2000
Policy Research Working Papers, 1999