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    Home / Central Data Catalog / BLR_2009_MOI_V01_M_WB / variable [F1]
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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
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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.
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