Abstract This article examines the rise of Germany from the nineteenth century to explain that it is open access in the economic sphere, as well as institutional building related to the protection of property rights, contract enforcement, financial markets, rule of law, and human resource...

Using a sample of 49 countries, La Porta et al. show that countries whose legal rules originate in the common-law tradition tend to protect investors considerably more than the countries whose legal rules originate in the civil-law, and especially the French-civil-law tradition, with the...

This article has used the path dependence approach to examine the functioning of the institution of derivative action in the United States first. The analyses show that the functioning of the institution of derivative action in the United States depends upon a series of closely related...