Corporate Law and Corporate Governance
Investor Protection and Corporate Governance
Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer, and Robert W. Vishny
- Year
- 2000
- Venue
- Journal of Financial Economics
- Level
- Advanced
Summary
Reviews cross-country evidence on ownership concentration, capital-market depth, dividend policy, and access to external finance. The paper argues that legal protection of shareholders and creditors from insider expropriation offers a common explanation for these differences and is more informative than a simple bank-centered versus market-centered classification.
Citation
Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer, and Robert W. Vishny. "Investor Protection and Corporate Governance." Journal of Financial Economics, 2000.
BibTeX
@article{Porta2000Investor,
title = {Investor Protection and Corporate Governance},
author = {Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer, and Robert W. Vishny},
year = {2000},
journal = {Journal of Financial Economics},
url = {https://www.sciencedirect.com/science/article/pii/S0304405X00000659}
}