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Is uniformity of investor protection a shot in the arm...or the foot?

Richard Meade

No 375503, Competition & Regulation Times from New Zealand Institute for the Study of Competition and Regulation

Abstract: A growing body of international evidence suggests that thriving capital markets should include protections for minority investors against expropriation by dominant investors. But does this imply that all capital markets should adopt the same protections? And, supposing they did, would that improve the lot of investors? According to Richard Meade, the answers is no.

Date: 2006-03-01
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