Governance and financial development: A cross-country analysis
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DOI: 10.1016/j.intfin.2017.09.020
Abstract: We provide a comprehensive cross-country analysis of financial development. We propose that anti-director rights (ADRs) and creditor rights could act in concert, or as substitutes, for the development of both equity and debt markets. For… read more here.
Keywords: creditor rights; country analysis; financial development; cross country ... See more keywords
Judicial efficiency and capital structure: An international study
Sign Up to like & getrecommendations! Published in 2017 at "Journal of Corporate Finance"
DOI: 10.1016/j.jcorpfin.2017.03.012
Abstract: We investigate a particular aspect of creditor rights, judicial efficiency, and its influence on firms' corporate leverage in 69 countries. Increasing creditor rights makes credit more readily available due to greater loan supply, but firms… read more here.
Keywords: judicial efficiency; creditor rights; efficiency capital; efficiency ... See more keywords
Creditor rights and bank capital decisions: Conventional vs. Islamic banking
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DOI: 10.1016/j.jcorpfin.2018.11.007
Abstract: Using a sample of banks operating in 24 countries, we provide robust evidence that stronger creditor rights are associated with higher capital adequacy ratios of conventional banks but not of Islamic banks. Such results are… read more here.
Keywords: bank; creditor; capital; creditor rights ... See more keywords