Showing 1 - 10 of 75
Why does a country's legal origin influence its firms' access to finance? Using data from over 4,000 firms in 38 … external finance than firms in common law countries. Next, their results indicate that French legal origin countries tend to … firms face in contracting for external finance than the political independence of the judiciary. So, they distinguish among …
Persistent link: https://www.econbiz.de/10012559656
to finance has become an important issue for policymakers in Latin America. Small and medium enterprises (SMEs), in …
Persistent link: https://www.econbiz.de/10012553670
Microcredit programs in Bangladesh have experienced spectacular growth in recent years, with a growing number of borrowers availing credit from multiple microcredit agencies. There is a growing concern that if there are not sufficient returns to borrowing from microfinance institutions (MFIS),...
Persistent link: https://www.econbiz.de/10012560177
The issue of "an appropriate" legal framework, especially in the case of the takeover market, has been poorly studied in the case of emerging markets, yet it is of immediate relevance and practical policymaker interest. The study makes a first attempt to analyze takeover regulations in a...
Persistent link: https://www.econbiz.de/10012553849
The authors examine how well several institutional and firm-level factors and their interactions explain firms' perceptions of property rights protection. Their sample includes private and public firms that vary in size from very small to large in 62 countries. Together, the institutional...
Persistent link: https://www.econbiz.de/10012554260
Employment in developing countries is disproportionately concentrated in very small firms. The authors examine the extent to which the distribution of firm size is related to the quality of the legal system using data from Mexico. They combine Lucas' (1978) model of firm size with Himmelberg,...
Persistent link: https://www.econbiz.de/10012559712
Collective action by women's networks has been a strong driver of legislative change in many countries across the world. Women's groups in Botswana have used advocacy tools such as testing the implementation of gender equality principles in the national court system. In 1992, women's legal...
Persistent link: https://www.econbiz.de/10012560798
Regulation allows microfinance institutions to evolve more fully into banks, particularly for institutions aiming to take deposits. But there are potential trade-offs. Complying with regulation and supervision can be costly. The authors examine the implications for the institutions profitability...
Persistent link: https://www.econbiz.de/10012551871
This paper describes important trade-offs that microfinance practitioners, donors, and regulators navigate. Drawing evidence from large, global surveys of microfinance institutions, the authors find a basic tension between meeting social goals and maximizing financial performance. For example,...
Persistent link: https://www.econbiz.de/10012552010
Female entrepreneurship is low in many developing economies partly because of constraints on women's time and mobility, which are often reinforced by social norms. This paper analyzes a marketing experiment designed to encourage women to adopt a new microcredit product. A brochure with the same...
Persistent link: https://www.econbiz.de/10012552125