Global Corporate Finance

Paper Summary:

This paper analyzes the article, "Finance and Growth: Schumpeter Might Be Right," written by Robert King and Ross Levine in 1993. The paper discusses globalization's impact in corporate finance in developing countries and discusses the article's view on the subject. It also looks at the content of the article and the validity of its claims and provides an overall review of the article.

Table of Contents:
Introduction
Summary
Analysis/Critical Evaluation
Conclusions

From the Paper:

"Globalization's impact in corporate finance in developing countries has thus been enormous, guiding the corporations into the adoptions of new financial and accounting standards, in the increase of their transparency and corporate governance standards, as well as in adopting risk management instruments in order to hedge their commitments on the financial markets. Further more, they are decreasing their financial leverage so as to decrease their debt to equity ratios and develop a more prudent approach. The future participation of corporations in developing countries on international financial markets will most likely increase in trend, as well as in approach."

Sample of Sources Used:

• World Bank. 2007. The Globalization of Corporate Finance in Developing Countries. Global Development Finance 2007.
• International Monetary Fund. 2007. Global Financial Stability Report.
• Mathieson, Donald J., Jorge E. Roldos, Ramana Ramaswamy, and Anna Ilyina, 2004, Emerging Local Securities and Derivatives Markets, World Economic and Financial Surveys (Washington: International Monetary Fund).
• King, Robert G., and Ross Levine, 1993, "Finance and Growth: Schumpeter Might Be Right," Quarterly Journal of Economics, Vol. 108, No. 3, pp. 717-37

More papers on Global Corporate Finance:

• Essay # 61963 : "International Corporate Finance"
• Essay # 61945 : "Multinational Corporation Finance"
• Comparison Essay # 110615 : "Corporate Governance"

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