Banking regulation, information asymmetries and industry growth: New evidence

Natalia Utrero-González

    Research output: Contribution to journalArticleResearchpeer-review

    2 Citations (Scopus)

    Abstract

    This article investigates the relationship between banking regulation and disclosure requirements and industry growth of 23 sectors over the period 1990 to 1999. We find evidence that the efficiency of the legal environment significantly affects industry growth. In particular, prudent banking regulation has a depressing effect of industry growth. Excessive disclosure requirements hinder the results of leveraged industrial sectors. Furthermore, we confirm positive effects of investor protection on growth.
    Original languageEnglish
    Pages (from-to)63-76
    JournalApplied Financial Economics
    Volume17
    Issue number1
    DOIs
    Publication statusPublished - 1 Jan 2007

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