Legal institutions and financial system orientation
Publication in refereed journal


香港中文大学研究人员 ( 现职)

杜巨澜教授 (经济学系)

全文

数位物件识别号 (DOI) http://dx.doi.org/10.1016/j.econlet.2004.08.009

引用次数
Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/0WOS source URL

其它资讯

摘要This paper explains why weak-institution economies typically adopt bank-oriented financial systems by arguing that bank financing may harden firms' budget constraints (thanks to the unique financial structure of banks, which makes up for the weak corporate governance under inadequate legal institutions). (c) 2http://aims.cuhk.edu.hk/converis/portal/Publication/0http://aims.cuhk.edu.hk/converis/portal/Publication/04 Elsevier B.V. All rights reserved.

着者Du JL
期刊名称Economics Letters
出版年份2http://aims.cuhk.edu.hk/converis/portal/Publication/0http://aims.cuhk.edu.hk/converis/portal/Publication/05
月份4
日期1
卷号87
期次1
出版社ELSEVIER SCIENCE SA
页次15 - 19
国际标準期刊号http://aims.cuhk.edu.hk/converis/portal/Publication/0165-1765
电子国际标準期刊号1873-7374
语言英式英语

关键词banks' capital structure; corporate governance; financial system orientation; soft budget constraints
Web of Science 学科类别Business & Economics; Economics; ECONOMICS