Law and Finance

@article{Porta1996LawAF,
  title={Law and Finance},
  author={Rafael La Porta and Florencio Lopez de Silanes and Andrei Shleifer and Robert W. Vishny},
  journal={Corporate},
  year={1996}
}
  • Rafael La Porta, Florencio Lopez de Silanes, +1 author Robert W. Vishny
  • Published 1996
  • Economics, Business
  • Corporate
  • 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 common law countries generally have the best, and French civil law countries the worst, legal protections of investors, with German and Scandinavian civil law countries located in the middle. We also find that concentration of ownership of shares in the largest public companies is negatively related to… CONTINUE READING
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