Do institutional investors unbind firm financial constraints? Evidence from emerging markets

We studied the relationship between these firm characteristics and access to finance both through formal and informal markets because increased firm size and the previous purchase

In Table 3, we observe a higher proportion of overall modified audit reports in foreign-controlled than in local group subsidiaries (mean MAO of 0.307 vs. 0.182), 13 being

A great number of these studies show that NPOs with multiple revenue sources experience less financial distress and more stability. At the same time, an emerging stream

They are also able to attract external investors: their governance structure generates confi- dence, by giving investors the possibility to have a voice within the cooperative’s

Financial knowledge: investors with greater financial knowledge, such as using market dynamics, knowing asset classes and interest rates, tend to present less disposition

Core CSR policies are economic, legal, ethical and philanthropic actions directly associated with the core business of the firm and expected to enhance financial

Therefore, we confirm that our results support the Acemoglu-Pischke model under the Spanish institutional framework, where collective agreements at the firm level are the type

In this respect we can classify institutions in three categories: Cooperation and development ( Union of Arab Banks,1974; Islamic Development Bank, 1975; Arab Monetary Fund,