| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w8222 |
| 来源ID | Working Paper 8222 |
| Culture, Openness, and Finance | |
| Rene M. Stulz; Rohan Williamson | |
| 发表日期 | 2001-04-01 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | Religions have little to say about shareholders but have much to say about creditors. We find that the origin of a country's legal system is more important than its religion and language in explaining shareholder rights. However, a country's principal religion helps predict the cross-sectional variation in creditor rights better than a country's openness to international trade, its language, its income per capita, or the origin of its legal system. Catholic countries protect the rights of creditors less than other countries, and long-term debt is less important in these countries. A country's openness to international trade mitigates the influence of religion on creditor rights. Religion and language are also important predictors of how countries enforce rights. |
| 主题 | Financial Economics ; Financial Markets ; Corporate Finance |
| URL | https://www.nber.org/papers/w8222 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/565820 |
| 推荐引用方式 GB/T 7714 | Rene M. Stulz,Rohan Williamson. Culture, Openness, and Finance. 2001. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w8222.pdf（182KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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