Investor and Worker Protection in Australia: A Longitudinal Analysis

Sydney Law Review, Vol. 34, No. 3, pp. 573-585, 2012

U of Melbourne Legal Studies Research Paper No. 609

14 Pages Posted: 17 Oct 2012 Last revised: 29 Oct 2012

See all articles by Helen L. Anderson

Helen L. Anderson

Melbourne Law School

Peter G. Gahan

University of Melbourne - Department of Management and Marketing

Richard Mitchell

Monash University - Department of Business Law & Taxation

Ian Ramsay

Melbourne Law School - University of Melbourne

Michelle Anne Welsh

Monash Business School

Date Written: October 17, 2012

Abstract

The authors use leximetric analysis, which involves the numerical coding of the strength of legal protections, to document changes in the level of investor (shareholder and creditor) protection and worker protection in Australia for the period 1970-2010. For worker protection, the level of protection in 2010 was similar to the level of protection in 1970, with two abrupt increases and declines. In contrast, investor protection has increased over the 40 years. The statistical analysis of the data indicates that increased protection for investors is not obtained at the expense of protection for workers. Implications of this finding are explored by the authors.

Suggested Citation

Anderson, Helen L. and Gahan, Peter G. and Mitchell, Richard James and Ramsay, Ian and Welsh, Michelle Anne, Investor and Worker Protection in Australia: A Longitudinal Analysis (October 17, 2012). Sydney Law Review, Vol. 34, No. 3, pp. 573-585, 2012 ; U of Melbourne Legal Studies Research Paper No. 609. Available at SSRN: https://ssrn.com/abstract=2162840

Helen L. Anderson

Melbourne Law School ( email )

University of Melbourne
Melbourne, 3010
Australia
+61 3 90355467 (Phone)

Peter G. Gahan

University of Melbourne - Department of Management and Marketing ( email )

5th Floor Babel Building
Melbourne, Victoria 3010
Australia
+61390359740 (Phone)
+61393494293 (Fax)

HOME PAGE: http://www.managementmarketing.unimelb.edu.au/who/staff.cfm?StaffId=241

Richard James Mitchell

Monash University - Department of Business Law & Taxation ( email )

Caulfield Campus
Sir John Monash Drive
Caulfield East, Victoria 3084
Australia

Ian Ramsay (Contact Author)

Melbourne Law School - University of Melbourne ( email )

University Square
185 Pelham Street, Carlton
Victoria, Victoria 3010
Australia
+61 3 8344 5332 (Phone)

HOME PAGE: http://law.unimelb.edu.au/about/staff/ian-ramsay

Michelle Anne Welsh

Monash Business School ( email )

Wellington Road
Clayton, Victoria 3168
Australia

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