Show simple item record

dc.contributor.authorALLEN, Franklin
dc.contributor.authorCARLETTI, Elena
dc.contributor.authorQIAN, Jun
dc.contributor.authorVALENZUELA, Patricio
dc.date.accessioned2012-04-02T08:15:39Z
dc.date.available2012-04-02T08:15:39Z
dc.date.issued2012
dc.identifier.issn1725-6704
dc.identifier.urihttp://hdl.handle.net/1814/21455
dc.description.abstractWe provide a comprehensive review of firms’ financing channels (internal and external, domestic and international) around the globe, with the focus on alternative finance—financing from all the nonmarket, non-bank external sources. We argue that while traditional financing channels, including financial markets and banks, provide significant sources of funds for firms in developed countries, alternative financing channels provide an equally important source of funds in both developed and developing countries. Alternative finance is often the dominant source of funds for firms in fastgrowing economies. We compare market- and bank-finance with alternative finance, along with the supporting mechanisms such as legal and institutional structures. Much more research is needed to better understand alternative finance and its role in corporate financing. We suggest ways to obtain firm-level data on various forms of alternative finance and thus overcome the main obstacle in the field.en
dc.format.mimetypeapplication/pdf
dc.language.isoenen
dc.relation.ispartofseriesEUI ECOen
dc.relation.ispartofseries2012/11en
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectO5en
dc.subjectK0en
dc.subjectG2en
dc.subjectalternative financeen
dc.subjectmarketsen
dc.subjectbanksen
dc.subjecttrade creditsen
dc.subjectgovernanceen
dc.subjectgrowthen
dc.titleFinancial Intermediation, Markets, and Alternative Financial Sectorsen
dc.typeWorking Paperen
dc.neeo.contributorALLEN|Franklin|aut|
dc.neeo.contributorCARLETTI|Elena|aut|EUI70001
dc.neeo.contributorQIAN|Jun 'QJ'|aut|
dc.neeo.contributorVALENZUELA|Patricio|aut|
eui.subscribe.skiptrue


Files in this item

Icon

This item appears in the following Collection(s)

Show simple item record