It is generally assumed that trade retaliation under the WTO performs some kind of `rebalancing` by allowing the injured Member to suspend `concessions and obligations` vis-agrave;-vis the violating Member of a level equivalent to the level of `nullification and impairment` suffered by the...

I re-code the quot;Antidirector Rights Indexquot; (ADRI) of shareholder protection rules from La Porta et al. 1998 for 46 countries in 1997 and 2005 with the help of local lawyers. My emphasis is on consistent coding; I do not change the original variable definitions. Consistently coded ADRI...

The Antidirector Rights Index from La Porta et al.'s Law and Finance (1998) has been used as a measure of shareholder protection in almost 100 published studies. With articles by legal scholars questioning the accuracy of index values for several countries, I undertake a systematic study to...

A popular research design identifies the effects of corporate governance by (changes in) state laws, clustering standard errors by state of incorporation. Using Monte-Carlo simulations, this paper shows that conventional statistical tests based on these standard errors dramatically overreject:...