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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w11883 |
来源ID | Working Paper 11883 |
The Law and Economics of Self-Dealing | |
Simeon Djankov; Rafael LaPorta; Florencio Lopez-de-Silanes; Andrei Shleifer | |
发表日期 | 2005-12-19 |
出版年 | 2005 |
语种 | 英语 |
摘要 | We present a new measure of legal protection of minority shareholders against expropriation by corporate insiders: the anti-self-dealing index. Assembled with the help of Lex Mundi law firms, the index is calculated for 72 countries based on legal rules prevailing in 2003, and focuses on private enforcement mechanisms, such as disclosure, approval, and litigation, governing a specific self-dealing transaction. This theoretically-grounded index predicts a variety of stock market outcomes, and generally works better than the commonly used index of anti-director rights. |
主题 | Financial Economics ; Corporate Finance ; Other ; Law and Economics |
URL | https://www.nber.org/papers/w11883 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/569534 |
推荐引用方式 GB/T 7714 | Simeon Djankov,Rafael LaPorta,Florencio Lopez-de-Silanes,et al. The Law and Economics of Self-Dealing. 2005. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w11883.pdf(286KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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