Showing 1 - 10 of 36,350
This paper proposes and empirically validates four theories of why legal origin influences growth and welfare through … finance. It is a natural extension of "Law and finance: why does legal origin matter?" by Thorsten Beck, Asli Demirgüç …) hypotheses that English common-law countries tend to have better developed financial intermediaries than French civil-law …
Persistent link: https://www.econbiz.de/10011410416
This paper assesses how legal origin influences financial development through regulation quality and the rule of law …. It employs all the dimensions identified by the Financial Development and Structure Database of the World Bank. The law … size. The results broadly support the benefits of law mechanisms in financial development. The findings only show partial …
Persistent link: https://www.econbiz.de/10011410393
to assess empirically why and how Shari'a Law's legal origins adopted wholly or partially (combined with Common or Civil … Law) could explain the level of development of Islamic finance in different jurisdictions. Firstly, we found that …, adopting a mixed legal system based on Common Law and Shari'a Law, were characterized by the flexibility of their legal systems …
Persistent link: https://www.econbiz.de/10013011419
This paper assesses how legal origin influences financial development through regulation quality and the rule of law …. It employs all the dimensions identified by the Financial Development and Structure Database of the World Bank. The law … size. The results broadly support the benefits of law mechanisms in financial development. The findings only show partial …
Persistent link: https://www.econbiz.de/10013032605
This paper proposes and empirically validates four theories of why legal origin influences growth and welfare through … finance. It is a natural extension of “Law and finance: why does legal origin matter?” by Thorsten Beck, Asli Demirgüç …) hypotheses that English common-law countries tend to have better developed financial intermediaries than French civil-law …
Persistent link: https://www.econbiz.de/10013032607
A growing body of work suggests that cross-country differences in legal origin help explain differences in financial development. Beck, Demirguc-Kunt, and Levine assess two theories of why legal origin influences financial development. First, the "political" channel stresses that (1) legal...
Persistent link: https://www.econbiz.de/10014101032
This paper assesses empirically two theories of why legal origin influences financial development. The political channel stresses that legal traditions differ in the priority they give to the rights of individual investors vis-a-vis the state and this has repercussions for financial development....
Persistent link: https://www.econbiz.de/10014071321
the past and tend to enjoy more secure property and contractual rights and higher growth rates. To compete against these …
Persistent link: https://www.econbiz.de/10014147906
field. We focus on key governance components, such as rule of law, voice and accountability, corruption control, and state … improving rule of law and governance, controlling corruption, and improving institutional quality worldwide is apparent, with …
Persistent link: https://www.econbiz.de/10014088239
This paper develops a proxy measure of the inequality of influence on the basis of survey evidence from 2002 Business Environment and Enterprise Performance Survey (BEEPS) conducted among 6,500 firms in 27 transition countries. We refer to the resulting inequality as crony bias in the political...
Persistent link: https://www.econbiz.de/10014088240