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9 Jul 2023: The Queen of England famously asked why economists had not predicted the financial crisis. ... The economics profession took its eye off the ball, failing to see what was happening in the financial sector or to appreciate its significance for the wider

9 Jul 2023: Economics theory (for critical views see Deakin et al., 2017; Milhaupt and Pistor, 2008; Schnyder, Siems and Aguilera, 2018). ... Lagged WB. Notes: WB: World Bank; WEF: World Economic Forum; FT: The Financial Times.

9 Jul 2023: Megginson et al. (1994) and applied in this paper, investigates the financial and. ... calculated, covering profitability, efficiency, capital investment, output, employment,. financial leverage and dividend payout.

9 Jul 2023: Furthermore, it has been and will be examined whether the strength of legal protection is reflected in a country’s financial development (Armour et al. ... Recent reforms, however, aim to improve creditor protection in India, for instance, by

9 Jul 2023: Conclusions are drawn in the final section. 3 . 2. The ‘Rating the Ratings’ Literature It has become increasingly common in financial economics research to use commercially provided corporate governance ratings to ... It goes beyond the scope of

9 Jul 2023: Milgrom and Roberts 1992: 288). Such a viewpoint is now rarely challenged within the contemporary economics and management literature. ... and other financial institutions were interviewed as part of an exploratory study of Japanese corporate governance

9 Jul 2023: Conceptual Issues Should statistics generated from financial statements about, for example, capital structure and profitability, systematically differ across countries? ... financial systems in those countries developed and came closer to developed

9 Jul 2023: Hotchkiss and P. Feldhütter), Journal of Financial Economics, July 2016, Volume 121, Issue 1, pages 1-27. ... Louis, Boston College, University of Florida, Tilburg University, Erasmus University, Imperial College, 21st Annual Conference on Financial

9 Jul 2023: diversify their risk, and more generally contributes to liquidity within financial markets (Easterbrook and Fischel, 1990). ... of the twentieth century (Rajan and Zingales, 2003); the external shocks of depression and war have been powerful influences

9 Jul 2023: Our analysis builds on an important but largely segmented literature in financial intermediation and entrepreneurial finance (briefly surveyed in section 2). ... 0.958 1.000 0.977 0.000 3.000 71. Independent Variables Firm Financial Characteristics.