It takes the average reader and 48 minutes to read Financial Frictions, Investment, and Institutions by Mr.Stijn Claessens
Assuming a reading speed of 250 words per minute. Learn more
Financial frictions have been identified as key factors affecting economic fluctuations and growth. But, can institutional reforms reduce financial frictions? Based on a canonical investment model, we consider two potential channels: (i) financial transaction costs at the firm level; and (ii) required return at the country level. We empirically investigate the effects of institutions on these financial frictions using a panel of 75,000 firm-years across 48 countries for the period 1990 - 2007. We find that improved corporate governance (e.g., less informational problems) and enhanced contractual enforcement reduce financial frictions, while stronger creditor rights (e.g., lower collateral constraints) are less important.
Financial Frictions, Investment, and Institutions by Mr.Stijn Claessens is 47 pages long, and a total of 12,079 words.
This makes it 16% the length of the average book. It also has 15% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 6 minutes to read Financial Frictions, Investment, and Institutions aloud.
Financial Frictions, Investment, and Institutions is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
Financial Frictions, Investment, and Institutions by Mr.Stijn Claessens is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.
To buy Financial Frictions, Investment, and Institutions by Mr.Stijn Claessens on Amazon click the button below.
Buy Financial Frictions, Investment, and Institutions on Amazon