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Query: faculty: "FEB" and publication year: "2007"

AuthorsE. Perotti, P. Volpin
TitlePolitics, investor protection and competition
PublisherUniversity of Amsterdam
PlaceAmsterdam
Year2007
Pages32
FacultyFaculty of Economics and Business
Institute/dept.FEB: Amsterdam Business School Research Institute (ABS-RI)
AbstractExternal finance is critical for less established entrepreneurs, so poor investor protection can hinder competition. We model how lobbying by incumbents may reduce access to finance in countries where politicians are less accountable to voters. In a broad cross-section of countries and industries, we find that (i) the number of producers and entry rates are positively correlated with investor protection in financially dependent sectors, and (ii) countries with more accountable political institutions have better investor protection.
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