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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…
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Keywords:
judicial efficiency;
creditor rights;
efficiency capital;
efficiency ... See more keywords
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Published in 2020 at "Journal of Corporate Finance"
DOI: 10.1016/j.jcorpfin.2019.101538
Abstract: Abstract We propose a measure of the extent to which a financial institution is connected to the real economy. The Share of Core Assets (SCA) is a measure of the composition of assets – namely,…
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Keywords:
risk sharing;
capital allocation;
real economy;
efficiency capital ... See more keywords
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Published in 2021 at "Emerging Markets Finance and Trade"
DOI: 10.1080/1540496x.2021.1971072
Abstract: ABSTRACT This paper utilizes the launch of China’s high-speed railway (HSR) as an exogenous policy shock to identify the causality between geographic proximity and the information efficiency of capital markets. Since the HSR shortens geographic…
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Keywords:
efficiency capital;
proximity;
information efficiency;
information ... See more keywords