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The consequence of societal secrecy for the financial constraints faced by firms

dc.contributor.authorOyekola, O
dc.contributor.authorOdewunmi, S
dc.date.accessioned2023-05-17T15:01:24Z
dc.date.issued2023-05-22
dc.date.updated2023-05-17T14:14:37Z
dc.description.abstractDoes the level of societal secrecy aggravate or alleviate access to finance? We explore this question for 51,249 firms in 39, predominantly developing, countries, from 2006 to 2015. We find a strong positive relationship between cultural orientation towards secrecy in a country and financial constraints faced by its firms. Our results are robust to several considerations and emphasize the adverse consequence of societal secrecy for perpetuating financing obstacles for firms.en_GB
dc.identifier.citationArticle 111182en_GB
dc.identifier.doi10.1016/j.econlet.2023.111182
dc.identifier.urihttp://hdl.handle.net/10871/133165
dc.identifierORCID: 0000-0003-2984-7144 (Oyekola, Olayinka)
dc.language.isoenen_GB
dc.publisherElsevieren_GB
dc.rights© 2023 The Author(s). Published by Elsevier B.V. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).
dc.subjectfinancial constraintsen_GB
dc.subjectaccess to crediten_GB
dc.subjectsocietal secrecyen_GB
dc.subjectnational cultureen_GB
dc.subjectfirm-level dataen_GB
dc.titleThe consequence of societal secrecy for the financial constraints faced by firmsen_GB
dc.typeArticleen_GB
dc.date.available2023-05-17T15:01:24Z
dc.identifier.issn0165-1765
dc.descriptionThis is the author accepted manuscript. The final version is available on open access from Elsevier via the DOI in this recorden_GB
dc.identifier.eissn1873-7374
dc.identifier.journalEconomics Lettersen_GB
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/en_GB
dcterms.dateAccepted2023-05-17
dcterms.dateSubmitted2023-02-22
rioxxterms.versionAMen_GB
rioxxterms.licenseref.startdate2023-05-17
rioxxterms.typeJournal Article/Reviewen_GB
refterms.dateFCD2023-05-17T14:14:39Z
refterms.versionFCDAM
refterms.dateFOA2023-05-26T14:22:23Z
refterms.panelCen_GB


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© 2023 The Author(s). Published by Elsevier B.V. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).
Except where otherwise noted, this item's licence is described as © 2023 The Author(s). Published by Elsevier B.V. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).