Local corruption and SME cash holdings in an emerging market
This paper examines how local corruption influences cash holdings of small and medium sized enterprises (SMEs). We argue that SMEs have little agency problem and weak bargaining power with corrupt officials; therefore, they are more likely to shield cash from rent-seeking. With a sample of 361,000 S...
Uloženo v:
| Hlavní autor: | |
|---|---|
| Médium: | Artigo |
| Jazyk: | Inglês |
| Vydáno: |
Elsevier
2025-10-01
|
| Edice: | International Review of Economics & Finance |
| Témata: | |
| On-line přístup: | http://www.sciencedirect.com/science/article/pii/S1059056025006732 |
| Tagy: |
Žádné tagy, Buďte první, kdo vytvoří štítek k tomuto záznamu!
|