| Tekijä: | Johnson, S. McMillan, J. Woodruff, C. |
| Otsikko: | Property right and finance |
| Lehti: | American Economic Review
2002 : DEC, VOL. 92:5, p. 1335-1356 |
| Asiasana: | FINANCE INVESTMENT PRIVATE SECTOR PROPERTY RIGHTS |
| Kieli: | eng |
| Tiivistelmä: | 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. |
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