Professional Documents
Culture Documents
Business 7e
by Charles W.L. Hill
McGraw-Hill/Irwin
Chapter 11
Introduction
The rapid globalization of capital markets facilitates the
free flow of money around the world
Traditionally, national capital markets have been
separated by regulatory barriers
Therefore, it was difficult for firms to attract foreign capital
Many regulatory barriers fell during the 1980s and 1990s,
allowing the global capital market to emerge
Today, firms can list their stock on multiple exchanges,
raise funds by issuing equity or debt to investors from
around the world, and attract capital from international
investors
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