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This study re-examines the theory of legal-origin on the basis of a new longitudinal dataset for four OECD countries (UK, USA, France and Germany) over a long time span 1970-2005. It observes that the civil law countries (France and Germany) provided better minority shareholder protection and...
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This study re-examines the theory of legal origin on the basis of a new longitudinal dataset on creditor protection for four OECD countries over a long time span 1970-2005. It observes that civil law countries (France and Germany) provided a higher level of protection to creditors on the issue...
Persistent link: https://www.econbiz.de/10013021705
The paper examines whether the creditor protection promotes credit market development in the emerging countries. It analyses the available data for a sample of 15 emerging countries over the time-span, 1995-2013 with the aid of three alternative dynamic panel data models: dynamic fixed effect...
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