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
Bank Quality, Judicial Efficiency, and Loan Repayment Delays in Italy
Sign Up to like & getrecommendations! Published in 2020 at "Journal of Finance"
DOI: 10.1111/jofi.12896
Abstract: Exposure to liquidity risk makes banks vulnerable to runs from both depositors and from wholesale, short-term investors. This paper shows empirically that banks are also vulnerable to run-like behavior from borrowers who delay their loan… read more here.
Keywords: judicial efficiency; efficiency loan; loan; bank quality ... See more keywords