Creditor rights and corporate risk-taking
收藏NBER2009-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w15569
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资源简介：
We analyze the link between creditor rights and firms' investment policies, proposing that stronger creditor rights in bankruptcy reduce corporate risk-taking. In cross-country analysis, we find that stronger creditor rights induce greater propensity of firms to engage in diversifying acquisitions,
本文考察了债权人权利（creditor rights）与企业投资政策之间的关联，并提出破产情境下更强的债权人权利会降低企业风险承担（corporate risk-taking）水平。在跨国分析（cross-country analysis）中，我们发现更强的债权人权利会提升企业开展多元化并购（diversifying acquisitions）的倾向,
提供机构：
美国国家经济研究局
创建时间：
2009-12-01
