Advanced Search
MyIDEAS: Login to save this paper or follow this series

Law and Finance

Contents:

Author Info

  • Rafael LaPorta
  • Florencio Lopez-de-Silanes
  • Andrei Shleifer
  • Robert W. Vishny

Abstract

This paper examines legal rules covering protection of corporate shareholders and creditors, the origin of these rules, and the quality of their enforcement in 49 countries. The results show that commonâ€law countries generally have the strongest, and french civil law countries the weakest, legal protections of investors, with Germanâ€-and Scandinavianâ€-civilâ€law countries located in the middle. We also find that concentration of ownership of shares in the largest public companies is negatively related to investor protections, consistent with the hypothesis that small, diversified shareâ€holders are unlikely to be important in countries that fail to protect their rights.

(This abstract was borrowed from another version of this item.)

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://scholar.harvard.edu/shleifer/node/19451
Download Restriction: no

Bibliographic Info

Paper provided by Harvard University OpenScholar in its series Working Paper with number 19451.

as in new window
Length:
Date of creation:
Date of revision:
Handle: RePEc:qsh:wpaper:19451

Contact details of provider:
Postal: 1737 Cambridge Street, Cambridge, MA 02138
Phone: 617-496-2450
Fax: 617-496-5149
Web page: http://scholar.harvard.edu
More information through EDIRC

Related research

Keywords:

Other versions of this item:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
This item has more than 25 citations. To prevent cluttering this page, these citations are listed on a separate page.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:qsh:wpaper:19451. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jon Sagotsky) The email address of this maintainer does not seem to be valid anymore. Please ask Jon Sagotsky to update the entry or send us the correct address.

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.