search query: @author Johnson, S. / total: 9
reference: 2 / 9
| Author: | Johnson, S. McMillan, J. Woodruff, C. |
| Title: | Property right and finance |
| Journal: | American Economic Review
2002 : DEC, VOL. 92:5, p. 1335-1356 |
| Index terms: | FINANCE INVESTMENT PRIVATE SECTOR PROPERTY RIGHTS |
| Language: | eng |
| Abstract: | Which is the tighter constraint on private sector investment: weak property rights or limited access to external finance? From a survey of new firms in post-communist countries, the authors find that weak property rights discourage firms from reinvesting their profits, even when bank loans are available. |
SCIMA