comply with the principles of transparency and non-discrimination and facilitate foreign trade operations and international … trade-and-investment friendly. The study is complemented with a business survey of OECD member country enterprises and … Chinese firms. The survey assesses government influence on the investment climate through the impact of their policies on the …

particularly their enforcement and transparency, support innovation and investment in new enterprises. In addition, using dynamic … efficiency with which it seems to be able to channel funds to new productive investment projects, particularly in hi … panel regression techniques, the study finds significant relationships between investment and financial development, as …

investment, and encourages transparency by financially dependent firms. Finally, investment and access to finance are positively …In choosing transparency, firms must trade off the benefits from better access to finance against the cost of a greater … model’s predictions: First, transparency is negatively correlated with tax pressure, particularly in sectors where firms are …

This paper investigates how balance sheet opacity affects banks' risk-taking behavior. We measure bank balance sheet …. We show that balance sheet opacity is positively correlated with realized bank risk. Specifically, banks with more AFS … securities have lower realized risk, while banks with more off-balance sheet items have higher realized risk. The correlation …