Which Countries Give Investors the Best Protection?

Does the owner of a share of stock in Mexico have the same rights as one in Germany or India? Is a creditor in Italy as well protected as one in Switzerland? Do laws protecting investors differ among countries in systematic ways? Are they sufficien...

Full description

Bibliographic Details
Main Authors:	La Porta, Rafael, Lopez de Silanes, Florencio, Shleifer, Andrei, Vishny, Robert
Format:	Viewpoint
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	AFFILIATED ORGANIZATIONS AUTOMATIC LIQUIDATION BANKRUPTCY CIVIL LAW COMMON COMMON LAW COMPANY LAW CORRUPTION CREDITORS DISMISSAL DIVIDENDS EXPROPRIATION EXTRAORDINARY SHAREHOLDERS FAMILIES LAW LAW ENFORCEMENT LAWS LEGAL PROTECTION LEGAL RECOURSE LEGAL SYSTEMS LIQUIDATION POSSESSION PRIVATIZATION RULE OF LAW SHAREHOLDERS VOTING STOCKHOLDERS CORPORATE FINANCE REGULATIONS FINANCIAL MANAGEMENT CORPORATION LAW
Online Access:	http://documents.worldbank.org/curated/en/1997/04/441450/countries-give-investors-best-protection http://hdl.handle.net/10986/11589

id	okr-10986-11589
recordtype	oai_dc
spelling	okr-10986-115892021-06-14T11:04:22Z Which Countries Give Investors the Best Protection? La Porta, Rafael Lopez de Silanes, Florencio Shleifer, Andrei Vishny, Robert AFFILIATED ORGANIZATIONS AUTOMATIC LIQUIDATION BANKRUPTCY CIVIL LAW COMMON COMMON LAW COMPANY LAW CORRUPTION CREDITORS DISMISSAL DIVIDENDS EXPROPRIATION EXTRAORDINARY SHAREHOLDERS FAMILIES LAW LAW ENFORCEMENT LAWS LEGAL PROTECTION LEGAL RECOURSE LEGAL SYSTEMS LIQUIDATION POSSESSION PRIVATIZATION RULE OF LAW SHAREHOLDERS VOTING STOCKHOLDERS CORPORATE FINANCE REGULATIONS FINANCIAL MANAGEMENT CORPORATION LAW CIVIL LAW Does the owner of a share of stock in Mexico have the same rights as one in Germany or India? Is a creditor in Italy as well protected as one in Switzerland? Do laws protecting investors differ among countries in systematic ways? Are they sufficiently enforced everywhere? And if there are differences, do they matter for corporate finance? This Note reports on a study by the authors that examines these issues in a sample of countries covering Asia, Africa, Europe, and North and South America. The analysis suggests that countries whose legal rules originate in the common law tradition tend to protect investors better than those whose laws originate in the civil law tradition, especially French civil law. 2012-08-13T15:28:29Z 2012-08-13T15:28:29Z 1997-04 http://documents.worldbank.org/curated/en/1997/04/441450/countries-give-investors-best-protection Viewpoint. -- Note no. 109 (April 1997) http://hdl.handle.net/10986/11589 English Viewpoint CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Viewpoint Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	AFFILIATED ORGANIZATIONS AUTOMATIC LIQUIDATION BANKRUPTCY CIVIL LAW COMMON COMMON LAW COMPANY LAW CORRUPTION CREDITORS DISMISSAL DIVIDENDS EXPROPRIATION EXTRAORDINARY SHAREHOLDERS FAMILIES LAW LAW ENFORCEMENT LAWS LEGAL PROTECTION LEGAL RECOURSE LEGAL SYSTEMS LIQUIDATION POSSESSION PRIVATIZATION RULE OF LAW SHAREHOLDERS VOTING STOCKHOLDERS CORPORATE FINANCE REGULATIONS FINANCIAL MANAGEMENT CORPORATION LAW CIVIL LAW
spellingShingle	AFFILIATED ORGANIZATIONS AUTOMATIC LIQUIDATION BANKRUPTCY CIVIL LAW COMMON COMMON LAW COMPANY LAW CORRUPTION CREDITORS DISMISSAL DIVIDENDS EXPROPRIATION EXTRAORDINARY SHAREHOLDERS FAMILIES LAW LAW ENFORCEMENT LAWS LEGAL PROTECTION LEGAL RECOURSE LEGAL SYSTEMS LIQUIDATION POSSESSION PRIVATIZATION RULE OF LAW SHAREHOLDERS VOTING STOCKHOLDERS CORPORATE FINANCE REGULATIONS FINANCIAL MANAGEMENT CORPORATION LAW CIVIL LAW La Porta, Rafael Lopez de Silanes, Florencio Shleifer, Andrei Vishny, Robert Which Countries Give Investors the Best Protection?
relation	Viewpoint
description	Does the owner of a share of stock in Mexico have the same rights as one in Germany or India? Is a creditor in Italy as well protected as one in Switzerland? Do laws protecting investors differ among countries in systematic ways? Are they sufficiently enforced everywhere? And if there are differences, do they matter for corporate finance? This Note reports on a study by the authors that examines these issues in a sample of countries covering Asia, Africa, Europe, and North and South America. The analysis suggests that countries whose legal rules originate in the common law tradition tend to protect investors better than those whose laws originate in the civil law tradition, especially French civil law.
format	Publications & Research :: Viewpoint
author	La Porta, Rafael Lopez de Silanes, Florencio Shleifer, Andrei Vishny, Robert
author_facet	La Porta, Rafael Lopez de Silanes, Florencio Shleifer, Andrei Vishny, Robert
author_sort	La Porta, Rafael
title	Which Countries Give Investors the Best Protection?
title_short	Which Countries Give Investors the Best Protection?
title_full	Which Countries Give Investors the Best Protection?
title_fullStr	Which Countries Give Investors the Best Protection?
title_full_unstemmed	Which Countries Give Investors the Best Protection?
title_sort	which countries give investors the best protection?
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/1997/04/441450/countries-give-investors-best-protection http://hdl.handle.net/10986/11589
_version_	1764417279997509632

Which Countries Give Investors the Best Protection?

Similar Items