Publication:
Which Countries Give Investors the Best Protection?

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dc.contributor.authorLa Porta, Rafael
dc.contributor.authorLopez de Silanes, Florencio
dc.contributor.authorShleifer, Andrei
dc.contributor.authorVishny, Robert
dc.date.accessioned2012-08-13T15:28:29Z
dc.date.available2012-08-13T15:28:29Z
dc.date.issued1997-04
dc.description.abstractDoes 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.en
dc.identifierhttp://documents.worldbank.org/curated/en/1997/04/441450/countries-give-investors-best-protection
dc.identifier.citationViewpoint. -- Note no. 109 (April 1997)
dc.identifier.doi10.1596/11589
dc.identifier.urihttps://hdl.handle.net/10986/11589
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesViewpoint
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAFFILIATED ORGANIZATIONS
dc.subjectAUTOMATIC LIQUIDATION
dc.subjectBANKRUPTCY
dc.subjectCIVIL LAW
dc.subjectCOMMON
dc.subjectCOMMON LAW
dc.subjectCOMPANY LAW
dc.subjectCORRUPTION
dc.subjectCREDITORS
dc.subjectDISMISSAL
dc.subjectDIVIDENDS
dc.subjectEXPROPRIATION
dc.subjectEXTRAORDINARY SHAREHOLDERS
dc.subjectFAMILIES
dc.subjectLAW
dc.subjectLAW ENFORCEMENT
dc.subjectLAWS
dc.subjectLEGAL PROTECTION
dc.subjectLEGAL RECOURSE
dc.subjectLEGAL SYSTEMS
dc.subjectLIQUIDATION
dc.subjectPOSSESSION
dc.subjectPRIVATIZATION
dc.subjectRULE OF LAW
dc.subjectSHAREHOLDERS
dc.subjectVOTING STOCKHOLDERS
dc.subjectCORPORATE FINANCE
dc.subjectREGULATIONS
dc.subjectFINANCIAL MANAGEMENT
dc.subjectCORPORATION LAW
dc.subjectCIVIL LAW
dc.titleWhich Countries Give Investors the Best Protection?en
dspace.entity.typePublication
okr.crosscuttingsolutionareaGender
okr.crosscuttingsolutionareaFragility, Conflict, and Violence
okr.date.doiregistration2025-04-29T09:44:59.994586Z
okr.doctypePublications & Research::Viewpoint
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/1997/04/441450/countries-give-investors-best-protection
okr.globalpracticeGovernance
okr.guid950791468781530973
okr.identifier.externaldocumentum090224b0854a61b9_2_0
okr.identifier.internaldocumentum441450
okr.identifier.report16709
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/1999/08/15/000009265_3980312102631/Rendered/PDF/multi_page.pdfen
okr.sectorFinancial Sector Development
okr.sectorFinance
okr.topicGender::Gender and Law
okr.topicLaw and Development::Legal Products
okr.topicCorruption and Anticorruption Law
okr.topicInternational Terrorism and Counterterrorism
okr.topicPublic Sector Corruption and Anticorruption Measures
okr.topicPublic Sector Development
okr.topicConflict and Development
okr.unitFin & Private Sector Develop VP
okr.volume1 of 1
relation.isSeriesOfPublication1067ecbf-b217-4376-a77e-64594be2b212
relation.isSeriesOfPublication.latestForDiscovery1067ecbf-b217-4376-a77e-64594be2b212
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