Deakin, S.; Sarkar, P.; Singh, A. - ESRC Centre for Business Research - 2011
Legal origins theory suggests that law reform, strengthening shareholder and creditor rights, should enhance financial … the common law world and in developing countries, but not in the civil law world. We also find evidence of reverse … selective impact of law reform, focusing on the endogeneity of the legal system to its economic context, and on resulting …