Working Paper

10 December 2017

Is There a Relationship Between Shareholder Protection and Stock Market Development?

The paper uses recently created datasets measuring legal change over time in a sample of 28 developed and emerging economies to test whether the strengtheningof shareholder rights in the course of the mid-1990s and 2000s promoted...

Simon Deakin | Prabirjit Sarkar | Mathias Siems
01 October 2006

The Principle of Proportional Ownership, Investor Protection and Firm Value in Western Europe

Previous research initiated by Claessens et al. (2002) has established a value discount of disproportional ownership structures. Due to omitted variables problems it is difficult to provide a causal interpretation of these...

Morten Bennedsen | Kasper Nielsen
01 October 2005

The Place for Creditor Protection on the Agenda for Modernisation of Company Law in the European Union

The European Commission's Action Plan for Company Law, Modernising Company Law and Enhancing Corporate Governance in the European Union, signals a reorientation of the approach to company law at the European level, away from the...

Eilis Ferran