摘要
privatizations have significantly increased market liquidity. And also privatization takes a potential role global capital market development. A. The Rise of Capital Market-Based Finance Capital market-based finance has in fact been increasing in importance,and the total capitalization of the US market increased almost nine-fold (from $ 1.9 trillion to $ 16.6 trillion) over the same period.c. The Dramatic Growth in Securities Issuance Volume Since 1990 Another way of measuring the rise of capital markets is to examine whether their share of annual corporate financing activity has grown relative to that of other sources of funding. Security offerings by US issuers accounted for two-thirds of the global total throughout 1990-1999,and especially so since 1997. This is venture capital investment by US venture capital partnerships. The fund-raising patterns of these private equity investors are discussed in Gompers and Lerner (1998)
出版日期
2009年08月18日（中国Betway体育网页登陆平台首次上网日期，不代表论文的发表时间）
