000 02659nam a2200337 a 4500
005 20181210070730.0
007 cr |||||||||||
008 050906s2005 dcu sb i000 0 eng
010 _a 2005618829
040 _aDLC
_cDLC
_dBD-DhBPA
050 0 0 _aHG3881.5.W57
082 _a323.4
_bAYH 2006
100 1 _aAyyagari, Meghana.
_9107909
245 1 0 _aHow well do institutional theories explain firms' perceptions of property rights? /
_cMeghana Ayyagari, Asli Demirguc-Kunt and Vojislav Maksimovic, Research working paper Collection Title:Policy.
260 _aWashington, D.C. :
_bWorld Bank,
_c2005
300 _a57 p. ;
_c23 cm.
490 1 _aPolicy research working paper ;
_v3709
500 _aTitle from PDF file as viewed on 9/6/2005.
504 _aIncludes bibliographical references.
520 3 _a"The authors examine how well several institutional and firm-level factors and their interactions explain firms' perceptions of property rights protection. Their sample includes private and public firms that vary in size from very small to large in 62 countries. Together, the institutional theories they investigate account for approximately 70 percent of the country-level variation, indicating that the literature is addressing first-order factors. Firm-level characteristics such as legal organization and ownership structure are comparable to institutional factors in explaining variation in property rights protection. A country's legal origin and formalism index predict property rights variation better than its openness to international trade, its religion, its ethnic diversity, natural endowments or its political system. However, these results are driven by the inclusion of former socialist economies in the sample. When the authors exclude the former socialist economies, legal origin explains considerably less than openness to trade and endowments. Examining a broader set of variables for robustness, they again find that when they exclude former socialist countries, legal origin explains comparatively little of the variation in perceptions of judicial efficiency, corruption, taxes and regulation, street crime, and financing. "--World Bank web site.
530 _aAlso available in print.
538 _aSystem requirements: Adobe Acrobat Reader.
538 _aMode of access: World Wide Web.
590 _aZahid
650 0 _aRight of property
_vCross-cultural studies.
_9107910
700 1 _aDemirgüç-Kunt, Aslı
_d1961-
_9104539
700 1 _aMaksimovic, Vojislav
_9107911
710 2 _aWorld Bank.
_9107912
830 0 _aPolicy research working papers (Online) ;
_v3709.
_9107913
942 _2ddc
_cBK
999 _c37523
_d37523