IMF Survey: IMF Study Tracks Which Firms Go Global - 0 views
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Firms that raise money from overseas capital markets tend to be from larger countries with more open economies and better policies but with worse institutional conditions, according to an IMF study.
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The study finds that financial integration has increased substantially but the benefits are widely shared by all firms.
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Another view holds that better domestic environments can increase the attractiveness of firms to investors, especially foreign ones. Investors able to invest globally will generally offer larger amounts of external financing and lower cost as firms' host country fundamentals improve. Thus, better domestic fundamentals lead to more use of international capital markets under this view.
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