Firm Growth and Legal Environment

被引：8
|
作者：
Miroshnychenko, Ivan [1 ]
Bozzi, Stefano [2 ]
Barontini, Roberto [3 ]
机构：
[1] Free Univ Bozen Bolzano, Piazza Univ 1, I-39100 Bolzano, Italy
[2] Univ Cattolica Sacro Cuore, Largo F Vito 1, I-00168 Rome, Italy
[3] St Anna Sch Adv Studies, Piazza Martiri Liberta 33, I-56127 Pisa, Italy
来源：
ECONOMIC NOTES | 2019年 / 48卷 / 01期
关键词：
CORPORATE GOVERNANCE; INVESTOR PROTECTION; CASH FLOW; FINANCIAL INTERMEDIATION; EMPIRICAL-EVIDENCE; FAMILY CONTROL; LAW; INSTITUTIONS; INNOVATION; EQUITY;
D O I：
10.1111/ecno.12116
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
An 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.
引用
收藏
页数：24
相关论文
共 50 条
  • [21] The legal environment, banks, and long-run economic growth
    Levine, R
    JOURNAL OF MONEY CREDIT AND BANKING, 1998, 30 (03) : 596 - 613
  • [22] The 80s: the Effect of the Growth in Law Firm Librarianship, IT and Legal Publishing on BIALL
    Miskin, Christine
    LEGAL INFORMATION MANAGEMENT, 2019, 19 (02) : 103 - 104
  • [23] Firm growth and firm size
    Rogers, Mark
    Helmers, Christian
    Koch, Christoffer
    APPLIED ECONOMICS LETTERS, 2010, 17 (16) : 1547 - 1550
  • [24] FIRM AND ITS ENVIRONMENT
    SALES, A
    SOCIOLOGIE ET SOCIETES, 1970, 2 (01): : 107 - 122
  • [25] Responsibility of the firm to the environment
    Liebermann, Y
    JEWISH BUSINESS ETHICS: THE FIRM AND ITS STAKEHOLDERS, 1999, : 147 - 173
  • [26] Environment, Business and the Firm
    Caprotti, Federico
    GEOGRAPHY COMPASS, 2012, 6 (03): : 163 - 174
  • [27] THE FIRM AND ITS ENVIRONMENT
    ADELMAN, MA
    ECONOMIE APPLIQUEE, 1964, 17 (2-3): : 191 - 210
  • [28] Legal environment
    Hadengue, P.
    ARCHIVES DES MALADIES PROFESSIONNELLES ET DE L ENVIRONNEMENT, 2012, 73 (04) : 595 - 595
  • [29] Legal Tech, the Law Firm and the Imagination of the Right Legal Answer
    Parsa, Amin
    Noll, Gregor
    Brannstrom, Leila
    Gunneflo, Markus
    LAW AND CRITIQUE, 2023, 34 (03) : 381 - 394
  • [30] Legal Tech, the Law Firm and the Imagination of the Right Legal Answer
    Amin Parsa
    Gregor Noll
    Leila Brännström
    Markus Gunneflo
    Law and Critique, 2023, 34 : 381 - 394
12345