search query: @indexterm investor protection / total: 34
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| Author: | Almeida, H. Wolfenzon, D. |
| Title: | The effect of external finance on the equilibrium allocation of capital |
| Journal: | Journal of Financial Economics
2005 : JAN, VOL. 75:1, p. 133-164 |
| Index terms: | Corporate finance Investor protection |
| Language: | eng |
| Abstract: | This article examines how the efficiency of capital allocation depends on outside investor protection and the companys need for external finance. The writers show that an increase in companies external financing needs may improve allocation efficiency when capital allocation is constrained by poor investor protection. |
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