Zingales measure 

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How Large was the Credit Crunch in the OECD?
... determine the use of external finance by the us industries two decades earlier. rajan and zingales' measure of dependence on external finance is defined as a ratio of capital investments not financed ... (1.1) reports the result for regression of lagged industry size and the rajan and zingales measure of dependence on external finance. the results show that the in- dustries with higher dependence ...
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L:\publicaties\...\cpbdoc15.wp [PFP#1210200691]
... and reduce personnel. however, with rigid labor markets and unemployment still at high levels this measure is hard to sell in the public. some studies on us banking find that mergers ... (2000) for switzerland. 30 see karceski, ongena and smith (2000). 31 see pagano, panetta and zingales (1998) for respective evidence on italian firms that went public. 32 see pilloff (1999) on ...
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