indeed central determinants of the payment contract choice. As predicted, the use of open account decreases in financing … costs and contract enforcement in the source country. We extend the theory and test two additional predictions. First, we … show that the more complex the industry of a firm, the more important is the quality of contract enforcement and the less …

This paper studies the effect of financial repression and contract enforcement on entrepreneurship and economic … frictions: intermediation costs and financial contract enforcement. Occupational choice and firm size are determined …

corporate behavior. The FCTC is more stringent and proscriptive, seeking to regulate corporate behavior. The second is an …

incomplete contract. It is shown that the efficiency of these solutions is very sensitive to the characteristics of the good or …