Law and firms' access to finance / Thorsten Beck, Asli Demirguc-Kunt, Ross Levine
"This paper contributes to the literature on how a country's legal origin influences the operation of its financial system by using firm-level survey data on the obstacles that firms face in raising external finance. The paper assesses two channels through which legal origin may influence...
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| Main Authors: | Beck, Thorsten, 1967- |
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| Corporate Authors: | National Bureau of Economic Research |
| Other Authors: | Demirgüç-Kunt, Asli, 1961- Levine, Ross, 1960- |
| Format: | Online-Resource |
| Language: | English |
| Published: | Cambridge, MA : National Bureau of Economic Research, 2004 |
| Series: | NBER working paper series
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| Subjects: | |
| Online Access: | URL des Erstveröffentlichers |
| Summary: | "This paper contributes to the literature on how a country's legal origin influences the operation of its financial system by using firm-level survey data on the obstacles that firms face in raising external finance. The paper assesses two channels through which legal origin may influence the financial system. It finds that the adaptability of a country's legal system is more important for explaining the obstacles that firms face in accessing external finance than the political independence of the judiciary"--National Bureau of Economic Research web site |
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| Item Description: | Includes bibliographical references. - Title from PDF file as viewed on 1/10/2005 Erscheinungsjahr in Vorlageform:c2004 Weitere Ausgabe: Beck, Thorsten : Law and firms' access to finance |
| Physical Description: | 1 Online-Ressource (35 Seiten) |
