Markets and Institutions in Financial Intermediation: National Characteristics as Determinants

By Raj Aggarwal, John W. Goodell. 2009

252 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/f22f6ab07ebe392f8fdba93a7646fb2f827d7000

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Citations in the corpus

Gravity and culture in foreign portfolio investment (2012, background): “…the infrastructure upon which financial decisionmaking occurs – including the structure of markets and institutions (Kirkman, Lowe and Gibson, 2006; Aggarwal and Goodell, 2009a,b); accounting conventions and practices (Nobes, 1992) and systems of corporate governance (Bushman et al., 2004).”
Trade Credit Provision and National Culture (2016, background): “Aggarwal and Goodell (2009) similarly suggest that the efficiency of enforcing incomplete contacts depends on a country’s economic, legal, political, social and cultural environments.”
A closer look at financial development and income distribution (2011, background): “Finally, recent studies suggest that market-based economies tend to be more unequal due to the fact that large firms disproportionately benefit from stock market development (Aggarwal and Goodell, 2009).”
Cultural influences on home bias and international diversification by institutional investors (2011, background): “Aggarwal and Goodell (2009) find that societies with less uncertainty avoidance are more market-based and societies with higher uncertainty avoidance are more bank-based.”
National culture and corporate debt maturity (2012, methodology): “…choice of financial contracts depends largely on a country’s contracting environment, which includes both formal institutions, such as legal and economic rules, and informal institutions, such as norms, customs and religions (e.g., Aggarwal and Goodell, 2009; North, 1990; Williamson, 2000).”
Does Religion Mitigate Tunneling? Evidence from Chinese Buddhism (2014, background): “Williamson (2000), Aggarwal and Goodell (2009), Allen et al. (2005), and Pistor and Xu (2005) argue that informal institutions may have important impacts on formal systems like the law.”