Working Paper

01 May 2008

Shareholder Protection and Stock Market Development: An Empirical Test of the Legal Origins Hypothesis

We test the 'law matters' and 'legal origin' claims using a newly created panel dataset measuring legal change over time in a sample of developed and developing countries. Our dataset improves on previous ones by avoiding...

John Armour | Simon Deakin | Prabirjit Sarkar | Mathias Siems | Ajit Singh