Law and Finance.

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.

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Year of publication:	1996
Authors:	LaPorta, R. ; Lopez-de-Silanes, F. ; Shleifer, A. ; Vishny, R.W.
Institutions:	Harvard Institute of Economic Research (HIER), Department of Economics
Subject:	LAW \| INTERNATIONAL FINANCE \| FINANCIAL MARKET \| SHAREHOLDERS \| STOCK MARKET

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Series:	Harvard Institute of Economic Research Working Papers.
Type of publication:	Book / Working Paper
Notes:	47 pages
Classification:	G10 - General Financial Markets. General ; G15 - International Financial Markets ; G18 - Government Policy and Regulation ; K22 - Corporation and Securities Law
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005245679