Smaller firms tend to raise most of their outside capital from private sources, mainly banks. As firms
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Smaller firms tend to raise most of their outside capital from private sources, mainly banks. As firms become larger, they obtain greater proportions of their outside capital needs from the public markets.
Explain why.
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Related Book For
Financial Markets And Corporate Strategy
ISBN: 9780071157612
2nd Edition
Authors: Mark Grinblatt, Sheridan Titman
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