The DOI matches its Crossref record; 11 of the 11 references it cites were found in a registry or an index.
Corporate Governance and Risk‐Taking
Open accessAbstract
Better investor protection could lead corporations to undertake riskier but value‐enhancing investments. For example, better investor protection mitigates the taking of private benefits leading to excess risk‐avoidance. Further, in better investor protection environments, stakeholders like creditors, labor groups, and the government are less effective in reducing corporate risk‐taking for their self‐interest. However, arguments can also be made for a negative relationship between investor protection and risk‐taking. Using a cross‐country panel and a U.S.‐only sample, we find that corporate risk‐taking and firm growth rates are positively related to the quality of investor protection.
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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
Legal Determinants of External Finance
LA PORTA, R., LOPEZ‐DE‐SILANES, F., SHLEIFER, A., & VISHNY, R. W. (1997) · The Journal of Finance · doi:10.1111/j.1540-6261.1997.tb02727.x · Cited by 9,783
What Do We Know about Capital Structure? Some Evidence from International Data
RAJAN, R. G., & ZINGALES, L. (1995) · The Journal of Finance · doi:10.1111/j.1540-6261.1995.tb05184.x · Cited by 6,538
Corporate Governance and Equity Prices
Gompers, P., Ishii, J., & Metrick, A. (2003) · The Quarterly Journal of Economics · doi:10.1162/00335530360535162 · Cited by 6,120
The 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
Enjoying the Quiet Life? Corporate Governance and Managerial Preferences
Bertrand, M., & Mullainathan, S. (2003) · Journal of Political Economy · doi:10.1086/376950 · Cited by 3,777
The great reversals: the politics of financial development in the twentieth century
Rajan, R. G., & Zingales, L. (2003) · Journal of Financial Economics · doi:10.1016/s0304-405x(03)00125-9 · Cited by 3,327
Managerial control of voting rights
Stulz, R. (1988) · Journal of Financial Economics · doi:10.1016/0304-405x(88)90039-6 · Cited by 2,429
Testing for Weak Instruments in Linear IV Regression
Stock, J., & Yogo, M. (2002) · doi:10.3386/t0284 · Cited by 1,842
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
Cited by
Creditor rights and corporate risk-taking
Acharya, V. V., Amihud, Y., & Litov, L. (2011) · Journal of Financial Economics · doi:10.1016/j.jfineco.2011.04.001 · Cited by 772
Self-citationThe “Antidirector Rights Index” Revisited
Spamann, H. (2010) · Review of Financial Studies · doi:10.1093/rfs/hhp067 · Cited by 720
Aggarwal, R., Erel, I., Stulz, R., & Williamson, R. (2009) · Review of Financial Studies · doi:10.1093/rfs/hhn107 · Cited by 523
Cassell, C. A., Huang, S. X., Manuel Sanchez, J., & Stuart, M. D. (2012) · Journal of Financial Economics · doi:10.1016/j.jfineco.2011.10.008 · Cited by 451
The Impact of Corporate Social Responsibility on Risk Taking and Firm Value
Harjoto, M., & Laksmana, I. (2018) · Journal of Business Ethics · doi:10.1007/s10551-016-3202-y · Cited by 420
Metadata
- Authors
- JOHN, K., LITOV, L., & YEUNG, B.
- Venue
- The Journal of Finance
- Publisher
- Wiley
- Published
- 2008-07-19
- Volume
- 63
- Issue
- 4
- Pages
- 1679-1728
- ISSN
- 0022-1082 (ISSN-L)
- 1540-6261
- OpenAlex
- W3123055067
- Cited by
- 1,806
- References
- 11
- FWCI
- 99.82
- Type
- journal article
- Language
- en
- Open access
- green
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Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
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.
