Legal Regime and Business's Organizational Choice: A Comparison of France and the United States during the Mid-Nineteenth Century

@inproceedings{Lamoreaux2004LegalRA,
  title={Legal Regime and Business's Organizational Choice: A Comparison of France and the United States during the Mid-Nineteenth Century},
  author={Naomi R. Ucla Lamoreaux and J P Rosenthal},
  year={2004}
}
In a recent series of articles, Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer, and Robert W. Vishny have argued that countries whose legal systems are based on civil law (especially of French origin) have systematically weaker environments for business than those whose legal systems are based on Anglo-American common law. This paper addresses that argument by exploring the responsiveness of French and U.S. law to the needs of business enterprises during the nineteenth century… CONTINUE READING

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