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Firm Financing and Growth in the Arab Region

Jul 31, 2016 | J.J. Cortina Lorente, S. Ismail, S.L. Schmukler | The World Bank

This paper documents how firms in Arab countries issue equity, corporate bonds, and syndicated loans in domestic and international markets to obtain financing and grow. Using a new data set on issuance activity and firm performance, the paper finds that capital raising through these markets has grown rapidly since the early 1990s and involved an increasing number of issuing firms.