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In this paper we study the relation between firm-level disclosure quality and the availability of external finance to firms. Using data on Finnish firms that are mostly private and small, we first estimate ‘excess growth’ made possible by external finance. We then show that the excess growth...
Persistent link: https://www.econbiz.de/10010285049
find that despite significant market-driven demand for auditing, the legal requirement forces some firms to use a certified …
Persistent link: https://www.econbiz.de/10010285073