How Law and Institutions Shape Financial Contracts: The Case of Bank Loans
收藏NBER2005-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w11052
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资源简介：
We examine empirically how legal origin, creditor rights, property rights, legal formalism, and financial development affect the design of price and non-price terms of bank loans in almost 60 countries. Our results support the law and finance view that private contracts reflect differences in legal
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美国国家经济研究局创建时间：
2005-01-01
