The quality of the legal system, firm ownership, and firm size
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The quality of the legal system, firm ownership, and firm size

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Published by World Bank in Washington, D.C .
Written in English

Subjects:

Places:

  • Mexico.

Subjects:

  • Small business -- Mexico.,
  • Small business -- Law and legislation -- Mexico.

Book details:

Edition Notes

StatementLuc Laeven and Christopher Woodruff.
SeriesPolicy research working paper ;, 3246, Policy research working papers (Online) ;, 3246.
ContributionsWoodruff, Christopher, World Bank.
Classifications
LC ClassificationsHG3881.5.W57
The Physical Object
FormatElectronic resource
ID Numbers
Open LibraryOL3389626M
LC Control Number2004616204

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  The authors find that Mexican states with more effective legal systems have larger firms. A one-standard deviation improvement in the quality of the legal system increases the average firm size by about percent. The impact of the legal system is greatest in sectors in which proprietorships by: A 1-standard-deviation improvement in the quality of the legal system is associated with a standard deviation increase in firm size. We also show that the legal system affects firm size. Get this from a library! The quality of the legal system, firm ownership, and firm size. [Luc Laeven; Christopher Woodruff; World Bank.] -- Employment in developing countries is disproportionately concentrated in very small firms. Laeven and Woodruff examine the extent to which the distribution of firm size is related to the quality of. Additional Physical Format: Online version: Laeven, Luc. Quality of the legal system, firm ownership, and firm size. Washington, D.C.: World Bank, Financial Sector.

The Quality of the Legal System, Firm Ownership, and Firm Size Luc Laeven and Christopher Woodruff* World Bank Policy Research Working Paper , March The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. THE QUALITY OF THE LEGAL SYSTEM, FIRM OWNERSHIP, AND FIRM SIZE Luc Laeven and Christopher Woodruff* Abstract - We show that firm size is increasing with the quality of the legal system in Mexico. A 1 -standard-deviation improvement in the quality of the legal system is associated with a standard deviation increase in firm size. Download PDF: Sorry, we are unable to provide the full text but you may find it at the following location(s): (external link). A 1-standard-deviation improvement in the quality of the legal system is associated with a standard deviation increase in firm size. We also show that the legal system affects firm size by reducing the idiosyncratic risk faced by firm owners.

The Quality of the Legal System, Firm Ownership, and Firm Size Abstract: Employment in developing countries is disproportionately concentrated in very small firms. We examine the extent to which the distribution of firm size is related to the quality of the legal system using data from Mexico.   We show that firm size is increasing with the quality of the legal system in Mexico. A 1-standard-deviation improvement in the quality of the legal system is associated with a – standard deviation increase in firm size. We also show that the legal system affects firm size by reducing the idiosyncratic risk faced by firm owners. Open Knowledge Repository content related to COVID / coronavirus can be found here.   The quality of the legal system, firm ownership, and firm size. Review of Economics and Statistics, 89 (4), – doi: /rest CrossRef Google Scholar.