Repositorio Institucional de la Universidad de Burgos (RIUBU)
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A New Piece in the Puzzle: Corruption and Financial Constraints—Evidence From European Firms
This study explores how country-level corruption affects firm-level financial constraints. We use a sample of 21 European countries from 2002 to 2022 comprising 22,974 firm-year observations. We find that corruption increases financial constraints. In other words, as countries become more transparen
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