Law and firms' access to finance
"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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| Format: | eBook |
| Language: | English |
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Cambridge, MA
National Bureau of Economic Research
2004
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| Series: | NBER working paper series
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| Collection: | World Bank E-Library Archive - Collection details see MPG.ReNa |
| 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 |