Shareholder protection, stock markets and cross-border mergers

Frederick S. Ahiabor, Gregory James (), Frank O. Kwabi and Mathias Siems

Economics Letters, 2018, vol. 171, issue C, 54-57

Abstract: 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.

Keywords: Law and finance; Shareholder protection; Corporate governance; Corporate finance (search for similar items in EconPapers)
JEL-codes: G32 K22 N20 O16 P50 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Working Paper: Shareholder Protection, Stock Markets and Cross-Border Mergers (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:171:y:2018:i:c:p:54-57

DOI: 10.1016/j.econlet.2018.07.013

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