Property Rights and Finance
收藏NBER2002-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w8852
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资源简介：
Which is the tighter constraint on private sector investment: weak property rights or limited access to external finance? From a survey of new firms in post-communist countries, we find that weak property rights discourage firms from reinvesting their profits, even when bank loans are available.
弱产权（property rights）与有限的外部融资（external finance）渠道，何者对私营部门投资的约束更强？基于对后共产主义国家新创企业的调研，我们发现，即便能够获得银行贷款，弱产权仍会抑制企业将利润进行再投资。
提供机构：
美国国家经济研究局
创建时间：
2002-03-01
