Sarkar, Prabirjit; Singh, Ajit - In: Cambridge Journal of Economics 34 (2010) 2, pp. 325-346
This paper analyses a longitudinal dataset on legal protection of shareholders over a 36 year period, 1970--2005, for four advanced countries, the UK, France, Germany and the USA. It examines two aspects of the legal origin hypothesis--whether shareholder protection is higher in the common law...