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Cited by 18,025Corporate Finance and GovernanceLaw, Economics, and Judicial SystemsCorporate Governance and Law

The DOI matches its Crossref record; 37 of the 37 references it cites were found in a registry or an index.

Law and Finance

La Porta, Rafael, Lopez‐de‐Silanes, Florencio, Shleifer, Andrei, Vishny, Robert W.·1998·Journal of Political Economy
DOI 10.1086/250042
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Abstract

This paper examines legal rules covering protection of corporate shareholders and creditors, the origin of these rules, and the quality of their enforcement in 49 countries. The results show that common‐law countries generally have the strongest, and frenchcivillaw countries the weakest, legal protections of investors, with German‐and scandinavin‐civil‐law countries located in the middle. We also find that concentration of ownership of shares in the largest public companies is negativelyrelated to investor protections, consistent with the hypothesis that small, diversified share‐holders are unlikely to be important in countries that fail to protect their rights.

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Crossref · 10.1086/250042

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37 of 37 references verified0 citation errors · 0 not checkable

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Metadata

Authors
La Porta, R., Lopez‐de‐Silanes, F., Shleifer, A., & Vishny, R. W.
Affiliations
  • Harvard University (US)
  • University of Chicago (US)
ORCID
Vishny, Robert W.
Venue
Journal of Political Economy
Publisher
University of Chicago Press
Published
1998-12
Volume
106
Issue
6
Pages
1113-1155
ISSN
  • 0022-3808 (ISSN-L)
  • 1537-534X
DOI
10.1086/250042
OpenAlex
W3121759882
Cited by
18,025
References
37
Citations by year
2026: 706 · 2025: 720 · 2024: 614 · 2023: 606 · 2022: 607 · 2021: 665 · 2020: 712 · 2019: 760 · 2018: 754 · 2017: 718 · 2016: 722 · 2015: 773 · 2014: 875 · 2013: 859 · 2012: 927
FWCI
722.18
Type
journal article
Language
en
Open access
closed
Locations
Journal of Political Economy (publishedVersion)
Topics
  • Social Sciences › Economics, Econometrics and Finance › Finance › Corporate Finance and Governance
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Law, Economics, and Judicial Systems
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Corporate Governance and Law
Keywords
investor protection, shareholder rights, creditor protection, common law, civil law, legal origins, rule of law, ownership concentration, corporate governance, cross-national comparison

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