Financing Growth in Canada: 1st Edition (Hardback) book cover

Financing Growth in Canada

1st Edition

Edited by Paul J.N. Halpern

Routledge

774 pages

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Hardback: 9780367425388
pub: 2019-10-31
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Description

Originally published in 1997, Financial Growth in Canada is the eighth title in the Investment in Canada Research Series, reissued in 2019. This volume examines how economic growth in developed countries has slowed over the last decade. The book suggests that, to reverse this trend, many countries are exploring economic policy options which can be used to stimulate key sectors of the economy. One sector considered vital for economic growth is the financial sector. Governments and businesses acknowledge that efficient capital markets are an important component of a dynamic, internationally competitive economy. When capital markets provide an efficient mechanism for the exchange of funds among borrowers and lenders, the economy can grow more quickly, generating increasing employment opportunities and rising incomes for Canadians. This book brings together international experts from the time, in corporate finance, business and economics and explores the capital market issues and challenges that exist for Canada. The studies, which appear in this volume, deal with factors that influence investment and the operation of capital markets, cost of capital, business financing, access to capital markets and venture capital financing.

Table of Contents

Preface

Introduction and Overview, Paul J.N. Halpern

Session I: Cost of Capital

2. The User Cost of Capital and Investment Spending: Implications For Canadian Firms, Robert S. Chirinko & Andrew P. Meyer

3. Cost of Capital for the United States, Japan and Canada: An Attempt at Measurement Based on Individual Company Records and Aggregate National Accounts Data, Albert Ando, John Hancock & Gary Sawchuk

4. The Impact of Taxation on Capital Markets: An International Comparison of Effective Tax Rates on Capital, Duanjie Chen & Kenneth J. Mckenzie

5. Investing in Canada: Estimation of the Sectoral Cost of Capital in Canada and Case Studies for International Comparisons, Vijay M. Jog

Comments on Session I Cost of Capital

The User Cost of Capital and Investment Spending;

Implications for Canadian Firms, Serge Nadeau

Cost of Capital for United States, Japan and Canada, Jack M. Mintz

The Impact of Taxation on Capital Markets: An International Comparison of Effective Tax Rates on Capital, Michael Daly

Investing in Canada: Estimation of the Sectoral Cost of Capital in Canada and Case Studies for International Comparisons, A. Louis Calvet

Session II: Financing Constraints and Small Firms

6. Venture Capital Financing of Entrepreneurship in Canada, Raphael Amit, James Brander & Christoph Zott

7. Venture Capital Exits in Canada and the United States, Jeffrey G. Macintosh

8. The Climate for Canadian Initial Public Offerings, Vijay M. Jog

Comments on Session II Financing Constraints And Small Firms

Venture Capital Financing of Entrepreneurship in Canada, Ralph A. Winter

Venture Capital Exits in Canada and the United States, Michel Poitevin

The Climate for Canadian Initial Public Offerings, Elizabeth Maynes

Session III: Dinner Speech

9. Reshaping Canada's Financial System: Who Wins, Who Loses?, Edward P. Neufeld

Session IV: Financing Constraints and Large Firms

10. Seasoned Equity Offerings and the Cost of Equity in the Canadian Market, Usha R. Mittoo

11. The Evolving Capital Structure of Large Canadian Firms, Jean-Marc Suret & Jean-Francois L'Her

Comments on Session IV: Financing Constraints and Large Firms

Seasoned Equity Offerings and the Cost of Equity in the Canadian Market, Andrew Karolyi

The Evolving Capital Structure of Large Canadian Firms, Jean-Marie Gagnon

Session V: Recent Financing Initiatives

12. The Quebec Stock Savings Plan: Overview and Assessment, Jean-Marc Suret & Elise Cormier

13. Labour-Sponsored Venture Capital Funds in Canada: Institutional Aspects, Tax Expenditures and Employment Creation, Francois Vaillancourt

14. Raising Equity Capital for Small and Medium-sized Enterprises Using Canada's Public Equity Markets, Michael J. Robinson

15. On the Care and Nurture of Loan Guarantee Programs, Allan L. Riding

Comments on Session V: Recent Financing Initiatives

The Quebec Stock Savings Plan: Overview and Assessment, Simon Lalancette

Labour-Sponsored Venture Capital Funds in Canada: Institutional Aspects, Tax Expenditures and Employment Creation, Brian F. Smith

Raising Equity Capital for Small and Medium-Sized Enterprises Using Canada's Public Equity Markets, Eric Kirzner

On the Care and Nurture of Loan Guarantee Programs, Daniel B. Thornton

Session VI: Summary and Policy Perspectives

16. Conference Report, Donald J.S. Brean

17. Policy Perspectives on Capital Market Issues, Jack M. Mintz

About the Contributors

Subject Categories

BISAC Subject Codes/Headings:
BUS069000
BUSINESS & ECONOMICS / Economics / General