Trend of Legal Globalisation and Stock Market Development

Prabirjit Sarkar

MPRA Paper from University Library of Munich, Germany

Abstract: The purpose of this paper is to analyze some leximetric data for a number of developed and less developed countries hitherto unavailable to examine (i) the changing state of shareholder protection and (ii) its connection with stock market development and capital accumulation. It finds a strong evidence of legal globalisation but no evidence of its favourable link with stock market development and capital formation.

Keywords: leximetrics; shareholder protection; globalisation (search for similar items in EconPapers)
JEL-codes: K22 O16 (search for similar items in EconPapers)
Date: 2007-06-09
New Economics Papers: this item is included in nep-reg
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Chapter: Trend of Legal Globalisation and Stock Market Development (2007)
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