Management, Organization and Innovation Survey 2009

Belarus, 2008 - 2009

Reference ID

BLR_2009_MOI_v01_M_WB

Producer(s)

World Bank, European Bank for Reconstruction and Development

Metadata

DDI/XML JSON

Created on

Apr 25, 2019

Last modified

Apr 25, 2019

Page views

119

CSV JSON

External finance dependence (Rajan, Zingales 1998) (RZ)

Data file: FinalDataset

Overview

Valid: 38111

Invalid: 1477

Minimum: -0.45

Maximum: 1.49

Mean: 0.309

Standard deviation: 0.326

Type: Continuous

Decimal: 0

Range: -

Format:

Description

Definition

RZ is the measure of external dependence. The measure of external finance dependence is based on data of listed US companies provided in Compustat and obtained from Rajan and Zingales (1998). They compute the proxy as a fraction of capital expenditures that an industry is not able to finance with internal funds. To construct it they first compute the median of all firms in each sector and year and then they average the sectoral measures over the entire period of 1980-89.