When do creditor rights work?:
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C
The World Bank
2007
|
| Subjects: | |
| Links: | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4296 |
| Item Description: | Weitere Ausgabe: Sharma, Siddharth: When do creditor rights work? |
| Physical Description: | 1 Online-Ressource (48 Seiten) |
Staff View
MARC
| LEADER | 00000nam a2200000 c 4500 | ||
|---|---|---|---|
| 001 | BV040618900 | ||
| 003 | DE-604 | ||
| 005 | 20250117 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 121206s2007 xxu o|||| 00||| eng d | ||
| 035 | |a (ZDB-1-WBA)093228473 | ||
| 035 | |a (OCoLC)874236383 | ||
| 035 | |a (DE-599)GBVNLM005464625 | ||
| 040 | |a DE-604 |b ger |e aacr | ||
| 041 | 0 | |a eng | |
| 044 | |a xxu |c XD-US | ||
| 049 | |a DE-12 |a DE-1102 |a DE-1051 |a DE-521 |a DE-863 |a DE-862 |a DE-522 |a DE-858 |a DE-573 |a DE-860 |a DE-1046 |a DE-1047 |a DE-Aug4 |a DE-2070s |a DE-M347 |a DE-1049 |a DE-898 |a DE-128 |a DE-M352 |a DE-70 |a DE-92 |a DE-150 |a DE-155 |a DE-22 |a DE-91 |a DE-384 |a DE-473 |a DE-19 |a DE-739 |a DE-20 |a DE-703 |a DE-706 |a DE-355 |a DE-29 |a DE-859 |a DE-Re13 |a DE-523 | ||
| 100 | 1 | |a Sharma, Siddharth |e Verfasser |0 (DE-588)1175644765 |4 aut | |
| 245 | 1 | 0 | |a When do creditor rights work? |c Sharma, Siddharth |
| 264 | 1 | |a Washington, D.C |b The World Bank |c 2007 | |
| 300 | |a 1 Online-Ressource (48 Seiten) | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 500 | |a Weitere Ausgabe: Sharma, Siddharth: When do creditor rights work? | ||
| 520 | 1 | |a Creditor-friendly laws are generally associated with more credit to the private sector and deeper financial markets. But laws mean little if they are not upheld in the courts. The authors hypothesize that the effectiveness of creditor rights is strongly linked to the efficiency of contract enforcement. This hypothesis is tested using firm level data on 27 European countries in 2002 and 2005. The analysis finds that firms have more access to bank credit in countries with better creditor rights, but the association between creditor rights and bank credit is much weaker in countries with inefficient courts. Exploiting the panel dimension of the data and the fact that creditor rights change over time, the authors show that the effect of a change in creditor rights on change in bank credit increases with court enforcement. In particular, a unit increase in the creditor rights index will increase the share of bank loans in firm investment by 27 percent in a country at the 10th percentile of the enforcement time distribution (Lithuania). However, the increase will be only 7 percent in a country at the 80th percentile of this distribution (Kyrgyzstan). Legal protections of creditors and efficient courts are strong complements | |
| 534 | |c 2007 | ||
| 653 | |a Access to Finance | ||
| 653 | |a Bank loans | ||
| 653 | |a Bankruptcy and Resolution of Financial Distress | ||
| 653 | |a Banks and Banking Reform | ||
| 653 | |a Contract enforcement | ||
| 653 | |a Creditor | ||
| 653 | |a Creditor Rights | ||
| 653 | |a Creditors | ||
| 653 | |a Debt Markets | ||
| 653 | |a Finance Corporation | ||
| 653 | |a Finance and Financial Sector Development | ||
| 653 | |a Financial markets | ||
| 653 | |a Legal protections | ||
| 653 | |a Legal systems | ||
| 653 | |a Public Disclosure | ||
| 700 | 1 | |a Safavian, Mehnaz |e Verfasser |0 (DE-588)1046398911 |4 aut | |
| 776 | 0 | 8 | |i Reproduktion von |a Sharma, Siddharth |t When do creditor rights work? |d 2007 |
| 856 | 4 | 0 | |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4296 |x Verlag |z URL des Erstveröffentlichers |3 Volltext |
| 912 | |a ZDB-1-WBA | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-025446399 | |
Record in the Search Index
| DE-BY-TUM_katkey | 1901316 |
|---|---|
| _version_ | 1821936015355412482 |
| adam_text | |
| any_adam_object | |
| author | Sharma, Siddharth Safavian, Mehnaz |
| author_GND | (DE-588)1175644765 (DE-588)1046398911 |
| author_facet | Sharma, Siddharth Safavian, Mehnaz |
| author_role | aut aut |
| author_sort | Sharma, Siddharth |
| author_variant | s s ss m s ms |
| building | Verbundindex |
| bvnumber | BV040618900 |
| collection | ZDB-1-WBA |
| ctrlnum | (ZDB-1-WBA)093228473 (OCoLC)874236383 (DE-599)GBVNLM005464625 |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nam a2200000 c 4500</leader><controlfield tag="001">BV040618900</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20250117</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">121206s2007 xxu o|||| 00||| eng d</controlfield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-1-WBA)093228473</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)874236383</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)GBVNLM005464625</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">aacr</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">xxu</subfield><subfield code="c">XD-US</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-12</subfield><subfield code="a">DE-1102</subfield><subfield code="a">DE-1051</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-863</subfield><subfield code="a">DE-862</subfield><subfield code="a">DE-522</subfield><subfield code="a">DE-858</subfield><subfield code="a">DE-573</subfield><subfield code="a">DE-860</subfield><subfield code="a">DE-1046</subfield><subfield code="a">DE-1047</subfield><subfield code="a">DE-Aug4</subfield><subfield code="a">DE-2070s</subfield><subfield code="a">DE-M347</subfield><subfield code="a">DE-1049</subfield><subfield code="a">DE-898</subfield><subfield code="a">DE-128</subfield><subfield code="a">DE-M352</subfield><subfield code="a">DE-70</subfield><subfield code="a">DE-92</subfield><subfield code="a">DE-150</subfield><subfield code="a">DE-155</subfield><subfield code="a">DE-22</subfield><subfield code="a">DE-91</subfield><subfield code="a">DE-384</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-19</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-706</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-859</subfield><subfield code="a">DE-Re13</subfield><subfield code="a">DE-523</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Sharma, Siddharth</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)1175644765</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">When do creditor rights work?</subfield><subfield code="c">Sharma, Siddharth</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Washington, D.C</subfield><subfield code="b">The World Bank</subfield><subfield code="c">2007</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (48 Seiten)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Weitere Ausgabe: Sharma, Siddharth: When do creditor rights work?</subfield></datafield><datafield tag="520" ind1="1" ind2=" "><subfield code="a">Creditor-friendly laws are generally associated with more credit to the private sector and deeper financial markets. But laws mean little if they are not upheld in the courts. The authors hypothesize that the effectiveness of creditor rights is strongly linked to the efficiency of contract enforcement. This hypothesis is tested using firm level data on 27 European countries in 2002 and 2005. The analysis finds that firms have more access to bank credit in countries with better creditor rights, but the association between creditor rights and bank credit is much weaker in countries with inefficient courts. Exploiting the panel dimension of the data and the fact that creditor rights change over time, the authors show that the effect of a change in creditor rights on change in bank credit increases with court enforcement. In particular, a unit increase in the creditor rights index will increase the share of bank loans in firm investment by 27 percent in a country at the 10th percentile of the enforcement time distribution (Lithuania). However, the increase will be only 7 percent in a country at the 80th percentile of this distribution (Kyrgyzstan). Legal protections of creditors and efficient courts are strong complements</subfield></datafield><datafield tag="534" ind1=" " ind2=" "><subfield code="c">2007</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Access to Finance</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Bank loans</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Bankruptcy and Resolution of Financial Distress</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Banks and Banking Reform</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Contract enforcement</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Creditor</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Creditor Rights</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Creditors</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Debt Markets</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Finance Corporation</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Finance and Financial Sector Development</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Financial markets</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Legal protections</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Legal systems</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Public Disclosure</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Safavian, Mehnaz</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)1046398911</subfield><subfield code="4">aut</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Reproduktion von</subfield><subfield code="a">Sharma, Siddharth</subfield><subfield code="t">When do creditor rights work?</subfield><subfield code="d">2007</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4296</subfield><subfield code="x">Verlag</subfield><subfield code="z">URL des Erstveröffentlichers</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-1-WBA</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-025446399</subfield></datafield></record></collection> |
| id | DE-604.BV040618900 |
| illustrated | Not Illustrated |
| indexdate | 2025-01-17T13:03:46Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-025446399 |
| oclc_num | 874236383 |
| open_access_boolean | |
| owner | DE-12 DE-1102 DE-1051 DE-521 DE-863 DE-BY-FWS DE-862 DE-BY-FWS DE-522 DE-858 DE-573 DE-860 DE-1046 DE-1047 DE-Aug4 DE-2070s DE-M347 DE-1049 DE-898 DE-BY-UBR DE-128 DE-M352 DE-70 DE-92 DE-150 DE-155 DE-BY-UBR DE-22 DE-BY-UBG DE-91 DE-BY-TUM DE-384 DE-473 DE-BY-UBG DE-19 DE-BY-UBM DE-739 DE-20 DE-703 DE-706 DE-355 DE-BY-UBR DE-29 DE-859 DE-Re13 DE-BY-UBR DE-523 |
| owner_facet | DE-12 DE-1102 DE-1051 DE-521 DE-863 DE-BY-FWS DE-862 DE-BY-FWS DE-522 DE-858 DE-573 DE-860 DE-1046 DE-1047 DE-Aug4 DE-2070s DE-M347 DE-1049 DE-898 DE-BY-UBR DE-128 DE-M352 DE-70 DE-92 DE-150 DE-155 DE-BY-UBR DE-22 DE-BY-UBG DE-91 DE-BY-TUM DE-384 DE-473 DE-BY-UBG DE-19 DE-BY-UBM DE-739 DE-20 DE-703 DE-706 DE-355 DE-BY-UBR DE-29 DE-859 DE-Re13 DE-BY-UBR DE-523 |
| physical | 1 Online-Ressource (48 Seiten) |
| psigel | ZDB-1-WBA |
| publishDate | 2007 |
| publishDateSearch | 2007 |
| publishDateSort | 2007 |
| publisher | The World Bank |
| record_format | marc |
| spellingShingle | Sharma, Siddharth Safavian, Mehnaz When do creditor rights work? |
| title | When do creditor rights work? |
| title_auth | When do creditor rights work? |
| title_exact_search | When do creditor rights work? |
| title_full | When do creditor rights work? Sharma, Siddharth |
| title_fullStr | When do creditor rights work? Sharma, Siddharth |
| title_full_unstemmed | When do creditor rights work? Sharma, Siddharth |
| title_short | When do creditor rights work? |
| title_sort | when do creditor rights work |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4296 |
| work_keys_str_mv | AT sharmasiddharth whendocreditorrightswork AT safavianmehnaz whendocreditorrightswork |