Securities Regulation
Law and Finance
Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer, and Robert W. Vishny
- Year
- 1998
- Venue
- Journal of Political Economy
- Level
- Introductory
Summary
Examines shareholder and creditor protection, legal origin, and enforcement quality across forty-nine countries. The paper finds stronger investor protections in common-law systems, weaker protections in French civil-law systems, and a negative relation between investor protection and ownership concentration in large public firms.
Citation
Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer, and Robert W. Vishny. "Law and Finance." Journal of Political Economy, 1998.
DOI: 10.1086/250042
BibTeX
@article{Porta1998Law,
title = {Law and Finance},
author = {Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer, and Robert W. Vishny},
year = {1998},
journal = {Journal of Political Economy},
doi = {10.1086/250042},
url = {https://www.journals.uchicago.edu/doi/10.1086/250042}
}