IIt is often assumed that strong securities markets require good legal protection of minority shareholders. This implies both quot;goodquot; law -- principally corporate and securities law -- and enforcement, yet there has been little empirical analysis of enforcement. We study private...

This is the Russian language version of the Report. The English version is available at lt;a href=quot;http://ssrn.com/abstract=1001990quot;gt;http://ssrn.com/abstract=1001990lt;/agt; This Report was prepared, with support by the World Bank, for the Russian Center for Capital Market Development...