The DOI matches its Crossref record; 6 of the 6 references it cites were found in a registry or an index.
Investor Protection and Corporate Valuation
Open accessAbstract
We present a model of the effects of legal protection of minority shareholders and of cash‐flow ownership by a controlling shareholder on the valuation of firms. We then test this model using a sample of 539 large firms from 27 wealthy economies. Consistent with the model, we find evidence of higher valuation of firms in countries with better protection of minority shareholders and in firms with higher cash‐flow ownership by the controlling shareholder.
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Citations
Cites
La Porta, R., Lopez‐de‐Silanes, F., Shleifer, A., & Vishny, R. W. (1998) · Journal of Political Economy · doi:10.1086/250042 · Cited by 18,025
Self-citationA Survey of Corporate Governance
Shleifer, A., & Vishny, R. W. (1997) · The Journal of Finance · doi:10.1111/j.1540-6261.1997.tb04820.x · Cited by 16,243
Self-citationInvestor protection and corporate governance
La Porta, R., Lopez-de-Silanes, F., Shleifer, A., & Vishny, R. (2000) · Journal of Financial Economics · doi:10.1016/s0304-405x(00)00065-9 · Cited by 6,848 · cited 1×
“When the enforcement of private contracts through the court system is costly enough, other forms of protecting property rights, such as judicially-enforced laws or even government-enforced regulations, may be more efficient.”
BackgroundSelf-citationThe separation of ownership and control in East Asian Corporations
Claessens, S., Djankov, S., & Lang, L. H. P. (2000) · Journal of Financial Economics · doi:10.1016/s0304-405x(00)00067-2 · Cited by 5,754
Investor protection and equity markets
Shleifer, A., & Wolfenzon, D. (2002) · Journal of Financial Economics · doi:10.1016/s0304-405x(02)00149-6 · Cited by 1,077
Self-citationThe Value of the Voting Right: A Study of the Milan Stock Exchange Experience
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Cited by
The Economic Consequences of Legal Origins
Porta, R. L., Lopez-de-Silanes, F., & Shleifer, A. (2008) · Journal of Economic Literature · doi:10.1257/jel.46.2.285 · Cited by 3,220
Self-citationWhat Matters in Corporate Governance?
Bebchuk, L., Cohen, A., & Ferrell, A. (2009) · Review of Financial Studies · doi:10.1093/rfs/hhn099 · Cited by 2,906
HAIL, L., & LEUZ, C. (2006) · Journal of Accounting Research · doi:10.1111/j.1475-679x.2006.00209.x · Cited by 1,371
Djankov, S., Glaeser, E., La Porta, R., Lopez-de-Silanes, F., & Shleifer, A. (2003) · Journal of Comparative Economics · doi:10.1016/j.jce.2003.08.005 · Cited by 1,204
Self-citationInvestor protection and equity markets
Shleifer, A., & Wolfenzon, D. (2002) · Journal of Financial Economics · doi:10.1016/s0304-405x(02)00149-6 · Cited by 1,077
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Bebchuk, L. A., & Cohen, A. (2005) · Journal of Financial Economics · doi:10.1016/j.jfineco.2004.12.006 · Cited by 986
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Fauver, L., Hung, M., Li, X., & Taboada, A. G. (2017) · Journal of Financial Economics · doi:10.1016/j.jfineco.2017.04.010 · Cited by 407
Corporate Governance and Financial Distress: evidence from Taiwan
Lee, T., & Yeh, Y. (2004) · Corporate Governance: An International Review · doi:10.1111/j.1467-8683.2004.00379.x · Cited by 360
Learning and the disappearing association between governance and returns
Bebchuk, L. A., Cohen, A., & Wang, C. C. Y. (2013) · Journal of Financial Economics · doi:10.1016/j.jfineco.2012.10.004 · Cited by 311
What Matters in Corporate Governance?
Bebchuk, L. A., Cohen, A., & Ferrell, A. (2004) · doi:10.2139/ssrn.593423 · Cited by 443
“…earlier work on the association between corporate arrangements and firm value (see, e.g., Demsetz and Lehn (1985), Morck, Shleifer and Vishny (1988), McConnell and Servaes (1990), Lang and Stulz (1994), Yermack (1996), Daines (2001), LaPorta et al. (2002), and Gompers, Ishii, and Metrick (2003)).”
BackgroundA review on ESG investing: Investors' expectations, beliefs and perceptions
Kräussl, R., Oladiran, T., & Stefanova, D. (2024) · Journal of Economic Surveys · doi:10.1111/joes.12599 · Cited by 175
(1999) · RePEc: Research Papers in Economics · Cited by 93
Enache, L., & Hussainey, K. (2020) · Review of Quantitative Finance and Accounting · doi:10.1007/s11156-019-00794-8 · Cited by 91
Governance and stock market performance
Hooper, V., Sim, A. B., & Uppal, A. (2009) · Economic Systems · doi:10.1016/j.ecosys.2009.03.001 · Cited by 87
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Corporate Governance and Costs of Equity: Theory and Evidence
Li, D., & Li, E. X. N. (2018) · Management Science · doi:10.1287/mnsc.2016.2570 · Cited by 22
How Does Corporate Governance Affect Equity Volatility? Worldwide Evidence and Theory
Gagnon, L., & Jeanneret, A. (2025) · The Review of Corporate Finance Studies · doi:10.1093/rcfs/cfad002 · Cited by 8
Agency Conflicts, Investment, and Asset Pricing
Albuquerque, R. A., & Wang, N. (2009) · Journal of Finance · doi:10.2139/ssrn.1395785 · Cited by 7
Corporate Governance and Delisting: Evidence from Emerging Markets
Liao, M.-Y. (. (2020) · Journal of Accounting and Finance · doi:10.33423/jaf.v20i2.2818 · Cited by 7
Corporate Governance and Long-Run Risk Premia
Ekponon, A. (2019) · SSRN Electronic Journal · doi:10.2139/ssrn.3440168
Corporate Governance and Long-Run Risk Premia
Ekponon, A. (2025) · SSRN Electronic Journal · doi:10.2139/ssrn.5527788
Metadata
- Authors
- La Porta, R., Lopez‐De‐Silanes, F., Shleifer, A., & Vishny, R.
- Venue
- The Journal of Finance
- Publisher
- Wiley
- Published
- 2002-06
- Volume
- 57
- Issue
- 3
- Pages
- 1147-1170
- ISSN
- 0022-1082 (ISSN-L)
- 1540-6261
- OpenAlex
- W3124747412
- Cited by
- 4,050
- References
- 6
- FWCI
- 434.22
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
