Shareholder protection, stock markets and cross-border mergers

被引:4
|
作者
Ahiabor, Frederick S. [1 ]
James, Gregory A. [2 ]
Kwabi, Frank O. [2 ]
Siems, Mathias M. [3 ]
机构
[1] Loughborough Univ Technol, Sch Business & Econ, Loughborough, Leics, England
[2] De Montfort Univ, Leicester Castle Business Sch, Leicester LE1 5WH, Leics, England
[3] Univ Durham, Durham Law Sch, Durham, England
关键词
Law and finance; Shareholder protection; Corporate governance; Corporate finance; LAW;
D O I
10.1016/j.econlet.2018.07.013
中图分类号
F [经济];
学科分类号
02 ;
摘要
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-border mergers and acquisitions. We find significant results for enabling laws but less so for paternalistic ones. (C) 2018 Elsevier B.V. All rights reserved.
引用
收藏
页码:54 / 57
页数:4
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