Legal Determinants of External Finance
作者： RAFAEL LA PORTA , FLORENCIO LOPEZ-DE-SILANES , ANDREI SHLEIFER , ROBERT W. VISHNY
DOI: 10.1111/J.1540-6261.1997.TB02727.X
关键词:
摘要: Using a sample of 49 countries, we show that countries with poorer investor protections, measured by both the character legal rules and quality law enforcement, have smaller narrower capital markets. These findings apply to equity debt In particular, French civil weakest protections least developed markets, especially as compared common countries.
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