Legal origin, financial development, and innovation: evidence from large public and private firms in the U.S. and Europe

This paper investigates the interplay between legal origin, financial market development, and the growth and innovation patterns of the population of large firms in U.S. and Europe. We document that common law countries (namely U.S., U.K., and Ireland) are characterized by a higher degree of stock m...

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Bibliographic Details
Published in:Journal of management and governance 2020-12, Vol.24 (4), p.905-925
Main Authors: Caprio, Lorenzo, Rigamonti, Silvia, Signori, Andrea
Format: Article
Language:English
Subjects:
Accounting/Auditing
Assets
Banking
Business and Management
Common law
Companies
Economic development
Financial market
Financial services
Industrial Organization
Innovations
Law
Management
Public finance
Securities markets
Sociology
Stock exchanges
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