Legal Effectiveness and External Capital : The Role of Foreign Debt

Previous research has documented weak, and sometimes conflicting, effects of legal quality on measures of firm debt. Using WorldScope data for 1,689 firms, as well as more detailed proprietary data for 315 firms across nine East Asian countries, the authors find that access to foreign financing appe...

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Bibliographic Details
Main Authors: Allayannis, George, Brown, Gregory W., Klapper, Leora F.
Format: Policy Research Working Paper
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2005/03/5635636/legal-effectiveness-external-capital-role-foreign-debt
http://hdl.handle.net/10986/8861