Comparative Law and Finance: Past, Present and Future Research

Siems, Mathias; Deakin, Simon

doi:10.2139/ssrn.1428247

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Comparative Law and Finance: Past, Present and Future Research

22 Pages Posted: 1 Jul 2009 Last revised: 2 Mar 2010

See all articles by Mathias Siems

Mathias Siems

European University Institute (EUI); University of Cambridge - Centre for Business Research

Simon Deakin

University of Cambridge - Centre for Business Research (CBR); European Corporate Governance Institute (ECGI); University of Cambridge - Faculty of Law

Date Written: August 14, 2009

Abstract

“Comparative law and finance” quantifies differences in the laws governing the business enterprise in various countries. The resulting data can be used to test which legal institutions (if any) matter for financial development. Until recently only cross-sectional data were available. We report the results of a new approach to coding which has produced longitudinal datasets on shareholder, creditor and worker protection.

Keywords: law and finance, legal origins, leximetrics, numerical comparative law, corporate governance, shareholder protection, legal convergence, LLSV

JEL Classification: G30, G38, K22, K31, N20, N40, O16, P50

Suggested Citation: Suggested Citation

Siems, Mathias and Deakin, Simon F., Comparative Law and Finance: Past, Present and Future Research (August 14, 2009). Available at SSRN: https://ssrn.com/abstract=1428247 or http://dx.doi.org/10.2139/ssrn.1428247