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The global financial crisis of 2008 has stimulated the debate on corporate governance and shareholder protection. The … intuitive reason for the topicality of shareholder protection is that insolvencies mainly harm shareholders as the companies … the financial crisis, shareholder protection and law reform. We also develop a central position: while there may be a need …
Persistent link: https://www.econbiz.de/10013058465
As attention moves rapidly towards comparative approaches, the research and teaching of company law has somehow lagged behind. The overall purpose of this book is therefore to fill a gap in the literature by identifying whether conceptual differences between countries exist. Rather than...
Persistent link: https://www.econbiz.de/10013086789
explanations are preferable.The basis of this paper are datasets on creditor and shareholder protection in 25 countries. Part II …
Persistent link: https://www.econbiz.de/10013070371
This paper is the first one that uses a panel data of different types of shareholder protection in order to examine (i …) the effect of such laws on stock market development and (ii) the convergence of shareholder protection laws through cross …
Persistent link: https://www.econbiz.de/10012898598
protection on market capitalisation, the value of stock trading, and the turnover ratio, and a negative impact on the number of … generating changes in shareholder protection law. We conclude, firstly, that legal reforms were at least in part an endogenous …
Persistent link: https://www.econbiz.de/10012942554
The leximetric research on shareholder protection can contribute to core questions of comparative company law. For …
Persistent link: https://www.econbiz.de/10013026372
development in those countries. We find only weak and equivocal evidence of a positive effect of shareholder protection on market … shareholder protection law. We conclude, firstly, that legal reforms were at least in part an endogenous response to stock market …
Persistent link: https://www.econbiz.de/10012929795
In this paper we build a new and meaningful shareholder protection index for five countries and code the development of … countries shareholder protection has been improving in the last three decades; that the protection of minority against majority … shareholders is considerably stronger in blockholder countries and that convergence in shareholder protection is taking place since …
Persistent link: https://www.econbiz.de/10014058771