Recent empirical research has tried to assess the influence of good institutions over economic development (North, 1990). Cross-country analysis has been the traditional approach, however these studies are criticized because of the institutional measures they employ. Indeed, these indexes could...

This article discusses the effects of judicial uncertainty over investments in stock bonds, and the Securities and Exchange Commission of Brazil (CVM) role in assuring certainty to investors.The article goes with an empirical investigation about the certainty provided by specialized commercial...