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 …

shows that legal origin explains part of the pattern of change in the adoption of shareholder protection measures over the … increased shareholder protection and stock market development, using a number of measures such as stock market capitalisation …