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legal reforms on banking system development in India. Cointegration analysis is used to show that the strengthening of …
Persistent link: https://www.econbiz.de/10005422739
We use a new legal dataset tracking changes in creditor protection law over several decades to study the impact of legal reform on banking system development in India …
Persistent link: https://www.econbiz.de/10005419084
Persistent link: https://www.econbiz.de/10008526275
Numerous papers in the “law and finance” literature have established that countries with better functioning legal institutions enjoy better developed capital markets, and that legal origin is a fundamental determinant of legal institutions (La Porta et al. 1997, 1998, 2006; Djankov et al. 2007)....
Persistent link: https://www.econbiz.de/10005621425
In the last dozen years, economists have produced a considerable body of research suggesting that the historical origin of a country’s laws is highly correlated with a broad range of its legal rules and regulations, as well as with economic outcomes. Much of this research has dealt with rules...
Persistent link: https://www.econbiz.de/10014025558
What is a good and effective creditor protection system? Can a creditor protection system, understood as a variety of mechanisms employed jointly or individually to protect the interests of creditors, deliver for all creditors, or are there different systems of creditor protection needed for...
Persistent link: https://www.econbiz.de/10012954766
The process of liberalisation of India's economy since 1991 has brought with it considerable development both of its … determinants of investor protection are political, rather than legal. We use the case of India to test these theories. We find … little support for the idea that India's legal heritage as a common law country has been influential in speeding the path of …
Persistent link: https://www.econbiz.de/10005688018
focuses on the main corporate governance attributes of India. The paper concludes with an extensive bibliography …
Persistent link: https://www.econbiz.de/10014192003
This paper analyzes the impact of corporate governance on firm value using a sequence of reforms in India (Clause 49 …
Persistent link: https://www.econbiz.de/10013110150
of financial inclusion in the context of developing countries. The paper then outlines several recent studies for India …
Persistent link: https://www.econbiz.de/10012013812