From courts to markets: on the effect of judicial efficiency on financial markets development

References

• Acemoglu, D., and S. Johnson. 2005. “Unbundling Institutions.” Journal of Political Economy 113 (5): 949–995. https://doi.org/10.1086/432166.
   Web of Science ®Google Scholar
• Bove, V., and E. Leandro. 2017. The Judicial System and Economic Development Across EU Member States. Luxembourg: Publications Office of the European Union.
   Google Scholar
• Chami, R., C. Fullenkamp, and S. Sharma. 2010. “A Framework for Financial Market Development.” Journal of Economic Policy Reform 13 (2): 107–135. https://doi.org/10.1080/17487871003700804.
   Web of Science ®Google Scholar
• Cooray, A. 2011. “The Role of the Government in Financial Sector Development.” Economic Modelling 28 (3): 928–938. https://doi.org/10.1016/j.econmod.2010.11.001.
   Web of Science ®Google Scholar
• Dima, B., F. Barna, and M.-L. Nachescu. 2018. “Does Rule of Law Support the Capital Market?” Economic Research-Ekonomska Istraživanja 31 (1): 461–479. https://doi.org/10.1080/1331677X.2018.1432371.
   Web of Science ®Google Scholar
• Ellahi, N., A. K. Kiani, M. Awais, H. Affandi, R. Saghir, and S. Qaim. 2021. “Investigating the Institutional Determinants of Financial Development: Empirical Evidence from SAARC Countries.” SAGE Open 11 (2): 215824402110060. https://doi.org/10.1177/21582440211006029.
   Web of Science ®Google Scholar
• Herger, N., R. Hodler, and M. Lobsiger. 2008. “What Determines Financial Development? Culture, Institutions or Trade.” Review of World Economics 144 (3): 558–587. https://doi.org/10.1007/s10290-008-0160-1.
   Web of Science ®Google Scholar
• Ibrahim, M., and P. Alagidede. 2018. “Effect of Financial Development on Economic Growth in Sub-Saharan Africa.” Journal of Policy Modeling 40 (6): 1104–1125. https://doi.org/10.1016/j.jpolmod.2018.08.001.
   Web of Science ®Google Scholar
• Khan, H., S. Khan, and F. Zuojun. 2020. “Institutional Quality and Financial Development: Evidence from Developing and Emerging Economies.” Global Business Review 23 (4): 971–983. https://doi.org/10.1177/0972150919892366.
   Web of Science ®Google Scholar
• Khan, M. A., L. Gu, M. A. Khan, and M. I. Bhatti. 2022. “Institutional Perspective of Financial Sector Development: A Multidimensional Assessment.” Economic Systems 46 (4): 101041. https://doi.org/10.1016/j.ecosys.2022.101041.
   Web of Science ®Google Scholar
• Khan, M. A., M. A. Khan, M. A. Khan, S. Hussain, and V. Fenyves. 2024. “Justice and Finance: Does Judicial Efficiency Contribute to Financial System Efficiency?” Borsa Istanbul Review 24 (2): 248–255. https://doi.org/10.1016/j.bir.2023.12.013.
   Web of Science ®Google Scholar
• Laeven, L., and G. Majnoni. 2005. “Does Judicial Efficiency Lower the Cost of Credit?” Journal of Banking and Finance 29 (7): 1791–1812. https://doi.org/10.1016/j.jbankfin.2004.06.036.
   Web of Science ®Google Scholar
• La Porta, R., F. Lopez‐de‐Silanes, A. Shleifer, and R. W. Vishny. 1998. “Law and Finance.” Journal of Political Economy 106 (6): 1113–1155. https://doi.org/10.1086/250042.
   Web of Science ®Google Scholar
• La Porta, R., F. Lopez-De-Silanes, A. Shleifer, and R. W. Vishny. 1997. “Legal Determinants of External Finance.” The Journal of Finance 52 (3): 1131–1150. https://doi.org/10.1111/j.1540-6261.1997.tb02727.x.
   Web of Science ®Google Scholar
• Levine, R. 2005. “Chapter 12 Finance and Growth: Theory and Evidence.” In Handbook of Economic Growth, edited by P. Aghion and S. N. Durlauf, 865–934. Vol. 1. Elsevier. https://doi.org/10.1016/S1574-0684(05)01012-9.
   Google Scholar
• Pistor, K., M. Raiser, and S. Gelfer. 2000. “Law and Finance in Transition Economies.” The Economics of Transition 8 (2): 325–368. https://doi.org/10.1111/1468-0351.00047.
   Web of Science ®Google Scholar
• Shah, A., H. A. Shah, J. M. Smith, and G. Labianca. 2017. “Judicial Efficiency and Capital Structure: An International Study.” Journal of Corporate Finance 44:255–274. https://doi.org/10.1016/j.jcorpfin.2017.03.012.
   Web of Science ®Google Scholar
• Svirydzenka, K. 2016. Introducing a New Broad-Based Index of Financial Development. Washington, D.C: International Monetary Fund.
   Google Scholar
• Wasia, A., and S. Kakakhel. 2021. “Judicial Efficiency and Firms Growth: Evidence from Pakistan.” Pakistan Social Sciences Review 5 (I): 442–455. https://doi.org/10.35484/pssr.2021(5-I)34.
   Google Scholar
• Ximeng, L., and L. Zhiwen. 2023. “Efficacy of Judicial Independence in Explaining Financial Markets in Emerging Markets.” Borsa Istanbul Review 23 (5): 1132–1140. https://doi.org/10.1016/j.bir.2023.07.001.
   Web of Science ®Google Scholar