کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5091158 1375663 2006 27 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Business environment and the incorporation decision
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Business environment and the incorporation decision
چکیده انگلیسی
Using firm-level data from 52 countries we investigate how a country's institutions and business environment affect firm's organizational choices and what impact the organizational form has on access to finance and growth. We find that businesses are more likely to choose the corporate form in countries with developed financial sectors and efficient legal systems, strong shareholder and creditor rights, low regulatory burdens and corporate taxes and efficient bankruptcy processes. Corporations report fewer financing, legal and regulatory obstacles than unincorporated firms and this advantage is greater in countries with more developed institutions and favourable business environments. We do find some evidence of higher growth of incorporated businesses in countries with good financial and legal institutions.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Banking & Finance - Volume 30, Issue 11, November 2006, Pages 2967-2993
نویسندگان
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