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system by using firm-level survey data on the obstacles that firms face in raising external finance. The paper assesses two … system is more important for explaining the obstacles that firms face in accessing external finance than the political …
Persistent link: https://www.econbiz.de/10012468004
system by using firm-level survey data on the obstacles that firms face in raising external finance. The paper assesses two … system is more important for explaining the obstacles that firms face in accessing external finance than the political …
Persistent link: https://www.econbiz.de/10010523108
New research suggests that cross-country differences in legal origin help explain differences in financial development. This paper empirically assesses two theories of why legal origin influences financial development. First, the political' channel stresses that (i) legal traditions differ in...
Persistent link: https://www.econbiz.de/10012469324
development. The law and finance theory holds that legal traditions differ in terms of the priority they attach to protecting the …
Persistent link: https://www.econbiz.de/10012469624
and corruption in raising external finance, which is consistent with political/regulatory capture theories. Creating a …
Persistent link: https://www.econbiz.de/10012469078