find that firms that both reside in countries with weak contract enforceability and operate in industries with a greater …

This paper analyzes how the presence of liability dollarization, different degrees of contract enforcement, and the … possibility to default on debts affect firms' financing decisions. The framework is a dynamic model of heterogeneous firms. They … value of default, controlled by the degree of contract enforcement and the presence of liability dollarization. Quantitative …

find that firms that both reside in countries with weak contract enforceability and operate in industries with a greater …

. Our hypothesis is that inadequate contract enforcement has hindered investment and, in consequence, indirectly has had a … measure the quality of contract enforcement. We then introduce one measure that has the advantages of being measurable into … the past and not depending on subjective judgments; namely, the “contract intensive money” (CIM) indicator proposed by …

paper further finds that by a subjective measure, contract enforceability in common law countries is higher than in French …

This paper examines the workings of reputational contract enforcement when the community can only observe that a …

This paper studies the transition of contract enforcement institutions. The prevalence of relational contracts, low …