Chhabra, Monish; Ferris, Stephen; Sen, Nilanjan - In: Applied Economics Letters 16 (2009) 8, pp. 819-826
Studies by LaPorta et al. (2000, 2002) show that the strong protection of investor rights encourage the development of capital markets and are associated with higher levels of firm valuation as measured by Tobin's Q. Related research finds that well-developed capital markets produce higher rates...