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Corporate disclosure and credit market development
Journal of Applied Economics ( IF 1.809 ) Pub Date : 2021-04-21 , DOI: 10.1080/15140326.2021.1901644
Michael Adusei 1 , Ngozi Adeleye 2
Affiliation  

ABSTRACT

The nexus between corporate disclosure and credit market development as well as whether the nexus is sensitive to the income classification of countries is not well delineated in the empirical literature. The objective of this paper is to interrogate these issues. In addressing these important issues, we rely on a panel of 122 countries and deploy a battery of econometric techniques. Generally, we find that corporate disclosure promotes credit market development. The results from the analysis of subsamples suggest that the effect of corporate disclosure on credit market development is sensitive to creditor rights protection and the income status of a country. In particular, there is evidence that the interaction between corporate disclosure and creditor rights protection significantly benefits the credit markets only in upper-middle-income countries.



中文翻译:

公司披露和信贷市场发展

摘要

在经验文献中没有很好地描述公司披露与信贷市场发展之间的联系,以及该联系是否对国家的收入分类敏感。本文的目的是对这些问题进行审讯。在解决这些重要问题时,我们依靠122个国家的专家小组并部署了一系列计量经济学技术。一般而言,我们发现公司披露可以促进信贷市场的发展。对子样本的分析结果表明,公司披露对信贷市场发展的影响对债权保护和一个国家的收入状况敏感。特别是,

更新日期:2021-04-21
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