Francis, Bill; Hasan, Iftekhar; Song, Liang; Waisman, Maya - In: Emerging Markets Review 15 (2013) C, pp. 57-71
Controlling for country-level governance, we investigate how firms' corporate governance influences financing … constraints. Using firm-level corporate governance rankings across 14 emerging markets, we find that better corporate governance …-level corporate governance matters more significantly in countries with weaker country-level governance. This suggests …