Financial Development, Property Rights, and Growth

Claessens, Stijn; Laeven, Luc

Financial Development, Property Rights, and Growth

2002

Claessens, Stijn | Laeven, Luc

The authors analyze how property rights affect the allocation of firms' available resources among different types of assets. In particular, they investigate empirically for a large number of countries whether firms in environments with more secure property rights allocate available resources more toward intangible assets and consequentially grow faster. The authors find that improved asset allocation due to better property rights has an effect on growth in sectoral value added equal to improved access to financing arising from greater financial development. The results are robust, using various samples and specifications, including controlling for growth opportunities.

Показать больше [+]

Ключевые слова АГРОВОК

assets bank loans benchmarks bureaucracy coal corruption debt developed countries economic growth economic impact growth rate human capital income intellectual property rights land ownership patent patents private property property rights rule of law value added

Библиографическая информация

Издатель

World Bank, Washington, DC

Другие темы

Accounting standards; Business environment; Financial development; Endogenous variables; Subsidiaries; Institutional framework; Comparative advantage; Capitalization; Empirical analysis; Financial markets; Banking system; Intellectual property protection; Legal systems; Legal origin; Liquidation; Legal protection; Benchmark; Growth potential; Secure property rights; Financial systems; Net value; Trademarks; Accumulated depreciation; Gdp; Institutional variables; Contract enforcement; Economics literature; Financial sector; Accounting practices; Growth rates; Intellectual property; Legal framework; Inventions; Intangible assets; Transition economies; Economic performance; Benchmark data

Язык

Английский

Формат

application/pdf, text/plain

Лицензия

CC BY 3.0 IGO, http://creativecommons.org/licenses/by/3.0/igo/

В АГРИСе с: 2024-10-18

Дата изменения: 2025-10-25

Формат: Dublin Core

Поставщик данных

Эту запись предоставил World Bank

Откройте коллекцию этого поставщика данных в AGRIS

Ссылки

DOI http://documents.worldbank.org/curated/en/2002/11/2072637/financial-development-property-rights-growth https://hdl.handle.net/10986/19201

Посмотрите в Google Scholar

If you notice any incorrect information relating to this record, please contact us at [email protected] [email protected]

ФАО АГРИС — международная информационная система по сельскохозяйственным наукам и технологиям

Share

Financial Development, Property Rights, and Growth

2002

Ключевые слова АГРОВОК

Библиографическая информация