This article analyzes how shareholder protection has developed in 20 countries from 1995 to 2005. In contrast to … its results are that in most countries shareholder protection has improved in the last years; that developed countries … perform better than developing countries in protecting shareholders; that shareholder protection in common law countries is …

In this paper we build a new and meaningful shareholder protection index for five countries and code the development of … shareholder protec-tion has been improving in the last three decades; that the protection of minority against majority … in share-holder protection is taking place since 1993 and is increasing since 2001. Fi-nally, our examination of the …

shows that legal origin explains part of the pattern of change in the adop-tion of shareholder protection measures over the … increased shareholder protection and stock market devel-opment, using a number of measures such as stock market capitalisation …