This dissertation aims to explore political determinants of the magnitude and the pace of six dimensions of financial reforms in developing countries. The magnitude of financial reforms refers to the degree a country engages in a larger scale of financial reforms at one time, wh…
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The Asian economic crisis has reinforced the importance of efficient financial markets for sustained real investment and economic growth, yet there is still limited empirical research on the effects of the deregulation of financial markets on the firm's investment decisions. The…