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Corporate disclosure and credit market development

Adusei, Michael and Adeleye, Bosede Ngozi (2021) Corporate disclosure and credit market development. JOURNAL OF APPLIED ECONOMICS, 24 (1). pp. 205-230.

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The nexus between corporate disclosure and credit market development as well as whether the nexus is sensitive to the income classification of countries is not well delineated in the empirical literature. The objective of this paper is to interrogate these issues. In addressing these important issues, we rely on a panel of 122 countries and deploy a battery of econometric techniques. Generally, we find that corporate disclosure promotes credit market development. The results from the analysis of subsamples suggest that the effect of corporate disclosure on credit market development is sensitive to creditor rights protection and the income status of a country. In particular, there is evidence that the interaction between corporate disclosure and creditor rights protection significantly benefits the credit markets only in upper-middle-income countries.

Item Type: Article
Uncontrolled Keywords: Corporate disclosure; credit market development; financial development
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Hannah Akinwumi
Date Deposited: 26 May 2021 12:19
Last Modified: 26 May 2021 12:19

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