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institutions as well as deepening capital markets in developing countries to improve financing conditions and investment outcomes …
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This paper examines the differential impact of leverage on investment across firms with varying levels of growth … investment, where a stronger negative impact is consistently found for firms with low growth opportunities in both advanced and …
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This paper examines the extent to which differences in legal tradition, judicial efficiency, and investor protection affect debt financing and risk taking across developing economies. We find that firms in common law countries have the highest preference for debt financing while corporations in...
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