Autori
Barontini, RobertoBozzi, StefanoMiroshnychenko, IvanTitolo
Firm Growth and Legal EnvironmentPeriodico
Economic notesAnno:
2019 - Volume:
48 - Fascicolo:
1 - Pagina iniziale:
12116 - Pagina finale:
12116An effective country‐level legal environment is crucial for promoting access to finance, development, and ultimately economic growth. Based on a sample of large companies listed in Continental Europe in the period 2002–2011, this study suggests that investor protection level is related to firm growth. Specifically, investor protection: a) enhances the growth rate of the firm; b) affects growth sensitivity to leverage and cash flow. These results provide empirical support to recommendations by policy makers advocating for increased investor protection in Europe.
SICI: 0391-5026(2019)48:1<12116:FGALE>2.0.ZU;2-Y
Testo completo:
https://onlinelibrary.wiley.com/doi/10.1111/ecno.12116Esportazione dati in Refworks (solo per utenti abilitati)
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