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Investor protection and country-level governance: cross-country empirical panel data evidence

Paula Ramona Rachisan, Cristina Bota-Avram and Adrian Grosanu

Economic Research-Ekonomska Istraživanja, 2017, vol. 30, issue 1, 806-817

Abstract: Using a cross-sectional sample of yearly observations covering 132 countries over the 2007–2012 period, this article intends to provide empirical evidence that country-level governance has an impact on the strength of investor protection. Also, when proceeding to a multiple regression analysis based on income classification, as defined by the World Bank, one can observe a different behaviour of the relationship between country-level governance (proxied using the principal component analysis method) and the strength of investor protection.

Date: 2017
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DOI: 10.1080/1331677X.2017.1311226

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