Gateway to Think Tanks
来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w24184 |
来源ID | Working Paper 24184 |
Quality of Public Governance and the Capital Structure of Nations and Firms | |
Shang-Jin Wei; Jing Zhou | |
发表日期 | 2018-01-08 |
出版年 | 2018 |
语种 | 英语 |
摘要 | This paper examines the role of public governance quality in determining the composition of a country’s external liabilities and the capital structure of firms. In our theory, better institutional quality tends to promote a higher share of foreign direct investment and equity investment in total foreign liabilities, and a higher share of long-term debt within the debt/loan category. Similar prediction holds for the capital structure of firms. We conduct extensive empirical investigation by exploring both firm level data and country level data and find supportive evidence for these predictions. |
主题 | International Economics ; International Finance ; Financial Economics ; Financial Markets ; Corporate Finance |
URL | https://www.nber.org/papers/w24184 |
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/581858 |
推荐引用方式 GB/T 7714 | Shang-Jin Wei,Jing Zhou. Quality of Public Governance and the Capital Structure of Nations and Firms. 2018. |
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 | ||
w24184.pdf(527KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
个性服务 |
推荐该条目 |
保存到收藏夹 |
导出为Endnote文件 |
谷歌学术 |
谷歌学术中相似的文章 |
[Shang-Jin Wei]的文章 |
[Jing Zhou]的文章 |
百度学术 |
百度学术中相似的文章 |
[Shang-Jin Wei]的文章 |
[Jing Zhou]的文章 |
必应学术 |
必应学术中相似的文章 |
[Shang-Jin Wei]的文章 |
[Jing Zhou]的文章 |
相关权益政策 |
暂无数据 |
收藏/分享 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。