Anginer, Deniz; Demirgüç-Kunt, Asli; Simsir, Serif Aziz; … - In: Borsa Istanbul Review 22 (2022) 2, pp. 197-208
governance depends on the institutional environment in a given country. In common-law countries and in countries with stronger … investor protection rights, governance and short-term debt act as substitutes. The extent of creditor rights, state …-level governance quality, cultural characteristics, and economic development levels of countries also play a role in explaining the …