• Publications
  • Influence
Shareholder Protection and Stock Market Development: An Empirical Test of the Legal Origins Hypothesis
Using a panel dataset covering a range of developed and developing countries, we show that common law systems were more protective of shareholder interests than civil law ones in the periodExpand
The Evolution of Labour Law: Calibrating and Comparing Regulatory Regimes
We present evidence on the evolution of labour law in five countries (the UK, USA, Germany, France and India) using a newly-created dataset which measures legal change over time. The results castExpand
How Do Legal Rules Evolve ? Evidence From a Cross-Country Comparison of Shareholder , Creditor and Worker Protection
Much attention has been devoted in recent literature to the claim that a country’s ‘legal origin’ may make a difference to its pattern of fi nancial development and more generally to its economicExpand
Contract Law, Social Norms and Inter-firm Cooperation
This paper analyzes the regulation of interfirm contracting in Germany, Britian, and Italy. Contrary to earlier empirical studies and to models drawn from transaction-cost theory, the authors findExpand
How Do Legal Rules Evolve? Evidence from a Cross-Country Comparison of Shareholder, Creditor and Worker Protection
Much attention has been devoted in recent literature to the claim that a country's 'legal origin' may make a difference to its pattern of financial development and more generally to its economicExpand
Labor Regulation, Corporate Governance, and Legal Origin: A Case of Institutional Complementarity?
We explore the finding of La Porta et al. that differences in Olegal originO account for part of cross-national diversity in labour regulation and corporate governance. We suggest that the findingExpand
Institutional Solutions to Precariousness and Inequality in Labour Markets
It has become widely assumed that the standard employment relationship (SER) is in irreversible decline in industrialized societies. However, non‐standard and precarious work relationships oftenExpand
The Coming Transformation of Shareholder Value
This essay challenges the primacy of shareholder value. Shareholder primacy originates not in company law, but rather in the norms and practices surrounding the rise of the hostile takeover movementExpand
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