Some – such as La Porta et al. (1999) explain the dispersed control, which is the norm in common law countries, by the better protection of minority shareholders. Conversely, concentrated control, which prevails in civil law countries, is thought to be caused by low shareholder protection....

This paper explains the choice of the cross-listing location with particular emphasis on the level of investor protection provided by the host market. We find that firms with concentrated control, with a higher level of risk and those with more pronounced financing needs cross-list on a market...

This paper explains the choice between cross-listing in the common law system versus the civil law system. We find that firms with more concentrated control, with a higher level of risk and those with more pronounced financing needs are more likely to cross-list on a common law market. In...

This paper explains the choice of the cross-listing location with particular emphasis on the level of investor protection provided by the host market. We find that firms with concentrated control, with a higher level of risk and those with more pronounced financing needs cross-list on a market...