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Making stock markets work to support economic growth : implications for governments, regulators, stock exchanges, corporate issuers and their investors

Weild, David; Kim, Edward; Newport, Lisa - 2013

This study provides critical observations on the state of key global equity markets as recent developments have put into question their efficiency and effectiveness in facilitating capital formation. It covers the top 26 initial public offering (IPO) producing nations, with a particular focus on...

Persistent link: https://www.econbiz.de/10009775530

Empirical Analysis of Legal Institutions and Institutional Change : Multiple-Methods Approaches and Their Application to Corporate Governance Research

Buchanan, John - 2014

The claim that institutions matter for economic growth and development has so far received a more extensive theoretical treatment than an empirical or methodological one. Basing our approach on a coevolutionary conception of relations between law and the economy, we link theory to method and...

Persistent link: https://www.econbiz.de/10013058956

Corporate Governance in Turkey; Implications for Investments and Growth

Ararat, Melsa - 2014

regulatory protection offered to outside investors against the abuse and expropriation by the controlling shareholders, (ii …

Persistent link: https://www.econbiz.de/10013061297

Private benefits of control, growth opportunities and investor protection

Xiao, Min; You, Jiaxing - In: China journal of accounting research : CJAR 2 (2009) 1, pp. 123-145

We develop a model to illustrate that controlling shareholders choose the level of investor protection that maximizes … their own interests. Controlling shareholders in companies with complicated control structures can easily extract private …, controlling shareholders in companies with valuable growth opportunities are willing to improve investor protection so that they …

Persistent link: https://www.econbiz.de/10011823427

Financial Frictions Investment and Tobin's q

Lorenzoni, Guido; Walentin, Karl - 2007

We develop a model of investment with financial constraints and use it to investigate the relation between investment and Tobin's q. A firm is financed partly by insiders, who control its assets, and partly by outside investors. When their wealth is scarce, insiders earn a rate of return higher...

Persistent link: https://www.econbiz.de/10014050959

Monopoly rights and economic growth : an inverted U-shaped relation

Ueda, Kenichi; Claessens, Stijn - 2016

Persistent link: https://www.econbiz.de/10012128964

Financial systems : importance, differences and convergence

Schmidt, Reinhard H.; Hryckiewicz, Aneta - 2006

This paper provides an overview of conceptual issues and recent research findings concerning the structure and the role of financial systems and an introduction into the new research area of comparative financial systems. The authors start by pointing out the importance of financial systems in...

Persistent link: https://www.econbiz.de/10010376187

How Does Corporate Law Matter? ‘Law and Finance’ and Beyond

Pacces, Alessio M. - 2013

This chapter discusses the law and finance scholarship, from its beginning to its developments into legal research and policymaking. The key issue of the importance of law for finance is illustrated along with the controversy on the law matters proposition. The focus of the chapter, however, is...

Persistent link: https://www.econbiz.de/10013082456

Law and Financial Development : What We are Learning from Time-Series Evidence

Armour, John - 2010

The legal origins hypothesis is one of the most important and influential ideas to emerge in the social sciences in the past decade. However, the empirical base of the legal origins claim has always been contestable, as it largely consists of cross-sectional datasets which provide evidence on...

Persistent link: https://www.econbiz.de/10013146144

Globalisation, Growth, and Governance : Book Review

Todeva, Emanuela - 2014

Persistent link: https://www.econbiz.de/10013062608

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