Cosimo Abbate and Alessandro Sapio

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Gazelles and muppets in the City: Stock market listing, risk sharing, and firm growth quantiles

Financialization is persuading academics and policy-makers that the growth of SMEs can be unleashed by promoting their quotation on stock markets. Is that true? Answering this can give clues on the functions that stock markets actually perform in the financialized world. The market may allow collecting finance for productive investments, or mainly provide firms with […]

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