Financial Globalisation and Sectoral Reallocation of Capital in South Africa

Preprint OPEN
Ziv Chinzara; Radhika Lahiri; En Te chen;
(2012)
  • Subject: Financial Globalisation, intra-sector/inter-sector reallocation of capital, efficient capital allocation, development, Tobin Q
    • jel: jel:E22 | jel:F2 | jel:F36

The study examines the impact of financial globalisation on intra-sector and inter-sector firm level reallocation of capital in South Africa using panel data for the period 1991-2008. The measure of efficient reallocation of capital is based on the variation of firm's m... View more
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