Djankov, Simeon; La Porta, Rafael; Lopez-de-Silanes, … - In: Journal of Financial Economics 88 (2008) 3, pp. 430-465
We present a new measure of legal protection of minority shareholders against expropriation by corporate insiders: the anti-self-dealing index. Assembled with the help of Lex Mundi law firms, the index is calculated for 72 countries based on legal rules prevailing in 2003, and focuses on private...