Gupta, Manu; Prakash, Puneet; Rangan, Nanda K. - In: Journal of International Money and Finance 35 (2013) C, pp. 146-166
We compare non-issue specific (broad) investor protections against expropriation by firm's insiders with regulations that specifically protect investors of new equity issues (issue-specific). Since in-nation regulations rarely change and are homogenous for all firms, it is difficult to compare...