Financial Decisions and Investment Outcomes in Developing Countries : The Role of Institutions

The Role of Institutions

Financial Decisions and Investment Outcomes in Developing Countries : The Role of Institutions
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 countries rely more on debt financing compared to firms in... READ MORE...

Publication date: February 2015
ISBN 9781498359054
$18.00

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Publication date: February 2015

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Publication date: February 2015

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