Coverart for item
The Resource Financial Frictions, Investment, and Institutions, Yishay Yafeh

Financial Frictions, Investment, and Institutions, Yishay Yafeh

Label
Financial Frictions, Investment, and Institutions
Title
Financial Frictions, Investment, and Institutions
Statement of responsibility
Yishay Yafeh
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
Financial frictions have been identified as key factors affecting economic fluctuations and growth. But, can institutional reforms reduce financial frictions? Based on a canonical investment model, we consider two potential channels: (i) financial transaction costs at the firm level; and (ii) required return at the country level. We empirically investigate the effects of institutions on these financial frictions using a panel of 75,000 firm-years across 48 countries for the period 1990 - 2007. We find that improved corporate governance (e.g., less informational problems) and enhanced contractual enforcement reduce financial frictions, while stronger creditor rights (e.g., lower collateral constraints) are less important
Member of
Cataloging source
DcWaIMF
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Yafeh, Yishay
Government publication
international or intergovernmental publication
LC call number
K4452.I57
LC item number
Y344 2010 ONLINE
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • Claessens, Stijn
  • Ueda, Kenichi
  • Yafeh, Yishay
Series statement
IMF Working Paper
Series volume
WP/10/231
http://library.link/vocab/subjectName
  • Corporate Finance and Governance: General
  • Correlation
  • Creditor Rights
  • Economic Growth and Aggregate Productivity: General
  • Equation
  • Financial Friction
  • China, People's Republic of
  • France
  • Germany
  • Japan
  • Thailand
Label
Financial Frictions, Investment, and Institutions, Yishay Yafeh
Instantiates
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
imfWPIEA2010231
Dimensions
unknown
Extent
1 online resource (45 pages)
Form of item
online
Isbn
9781455209316
Issn
1018-5941
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781455209316.001
Specific material designation
remote
System control number
(IMF)WPIEA2010231
Label
Financial Frictions, Investment, and Institutions, Yishay Yafeh
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
imfWPIEA2010231
Dimensions
unknown
Extent
1 online resource (45 pages)
Form of item
online
Isbn
9781455209316
Issn
1018-5941
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781455209316.001
Specific material designation
remote
System control number
(IMF)WPIEA2010231

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