We aim to make two contributions to the literature on the effects of transaction costs on financial price volatility.First,by using a research design with t
We use staggered changes in debt contract enforcement costs in India to estimate its causal effect on financing and asset maturity.Consistent with existing
The size of the Chinese stock market,including stocks listed and traded in Shanghai,Shenzhen and Hong Kong exchanges,is the second largest in the world.The
In this paper,we examine the universality of "good" corporate governance practices as exemplified by the Anglo-American governance paradigm.Using a new data