Gravity in International Finance: Evidence From Fees on Equity Transactions
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Authors
Milsom, L.
Pažitka, V.
Roland, I.
Wójcik, D.
Abstract
We shed light on the impact of institutional quality and information barriers on trade in financial services using a novel panel data set on revenue earned on domestic and crossborder equity securities underwriting transactions. Our data set covers 91,511
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Keywords
Gravity, international trade, international finance, equity securities underwriting, multinational business networks, finacial geography
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Faculty of Economics & Cambridge-INET Institute, University of Cambridge