Pinkowitz, Lee (contributor); Stulz, René M. (contributor); … - 2003 - [Elektronische Ressource]
capita, financial development, stock return volatility, and
inflation, a firm in a country with the worst institutions has … that they are computed on a scale from 1 to 10 as in
LLSV1.
Data on GDP and inflation are taken from the World Bank World … correlated with expected inflation, financial
development, and the quality of institutions. To test these hypotheses, we compute …