This paper analyzes how differences in legal origin, judicial efficiency, and investor protection affect firm leverage and earnings volatility across developing countries. Using a large number of developing countries, four main findings are highlighted. First, firms in civil legal origin...

We examine the effect of bank capital levels on firm investment drawing on a sample of 11,106 non-financial firms from 2007 to 2013 in 16 advanced economies. We examine two measures of bank capital adequacy, the Tier 1 ratio and a simple leverage ratio, and find that firms with larger external...

This study examines the impact of supply chain (SC) concentration on corporate research and development (R&D) investment based on different corporate ownerships. Building upon the resource dependence theory, we find that corporations with a high concentration of SC invest less in R&D activities,...