Horace, Yeung; Xiao, Huang Flora - In: Asian Journal of Law and Economics 3 (2012) 1, pp. 1-30
This paper, using Hong Kong as a test case, challenges one conventional theory and confirms another one in law and finance study: (i) legal families in relation to stock market development; (ii) transplant effect of foreign laws. Economists, most notably La Porta and colleagues, allege that...