International Corporate Differences: Markets Or Law?
Abstract
Current differences in international corporate ownership and governance systems reflect primarily differences in the efficiency of capital markets, not differences in corporate law. Law is an output of this process, not an input. In countries where financial markets are more efficient, there is both less law and greater investor protection. 1997 Morgan Stanley.Download Info
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Bibliographic Info
Article provided by Morgan Stanley in its journal Journal of Applied Corporate Finance.
Volume (Year): 9 (1997)
Issue (Month): 4 ()
Pages: 23-30
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Marco Becht, 1999.
"European corporate governance: trading off liquidity against control,"
ULB Institutional Repository
2013/13314, ULB -- Universite Libre de Bruxelles.
- Becht, Marco, 1999. "European corporate governance: Trading off liquidity against control," European Economic Review, Elsevier, vol. 43(4-6), pages 1071-1083, April.
- Edward Stringham & Peter Boettke, 2006. "The failings of legal centralism for helping stock markets in transition," Politická ekonomie, University of Economics, Prague, vol. 2006(1), pages 22-34.
- Koen, Carla I., 2004. "The dialectics of globalization: what are the effects for management and organization in Germany and Japan," Research in International Business and Finance, Elsevier, vol. 18(2), pages 173-197, June.
- Simon Johnson & Andrei Shleifer, 2000. "Coase And Corporate Governance In Latin America," Abante, Escuela de Administracion. Pontificia Universidad Católica de Chile., vol. 2(2), pages 113-131.
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