ICEF / LFE Research Seminar by Koen Schoors (Ghent University)

On Thursday, October 2 at 4.40 pm, room 3211 (Shabolovka str. 26) ICEF and LFE held the Research Seminar.
Speaker: Koen Schoors  (Ghent University)
Theme: "A “de Soto Effect” in Industry? Evidence from the Russian Federation"

On Thursday, October 2 at 4.40 pm International College of Economics and Finance and Internatioanl Laboratory of Financial Economics held the Research Seminar in Finance.

Speaker: Koen Schoors (Ghent University)
Theme: "A “de Soto Effect” in Industry? Evidence from the Russian Federation"
Venue: Shabolovka st., 26, room 3211

Abstract: The strengthening of land rights has been proposed as a policy to reduce financial market frictions and promote private investment in low and middle income countries. But assessments of these potential effects have proven inconclusive. One reason may be that research has focused on actors that face difficulties accessing credit for reasons other than the security of land tenure. We explore the effect of greater tenure security in a setting in which non-land-related financial market frictions are apt to be mild – i.e., among large, urban, industrial enterprises. Exploiting policy variation across Russian regions and firm-level survey data, we show that private land rights facilitate credit access and promote investment.

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