The Doing Business Index on Minority Investor Protection: The Case of Singapore

Singapore Journal of Legal Studies, p.46, Mar 2016

24 Pages Posted: 11 Apr 2016

See all articles by Lin Lin

Lin Lin

National University of Singapore (NUS)

Michael Ewing-Chow

National University of Singapore (NUS) - Faculty of Law

Date Written: March 1, 2016

Abstract

The World Bank’s Ease of Doing Business index has significantly affected regulations and policies regarding corporate matters around the world, and yet there has been scant academic attempt examining the use and implication of the index, especially in the area of investor protection, which is an essential element in doing business. In this paper, we examine in depth the research methodologies employed by the Doing Business project in measuring the strength of investor protection, especially in light of the recent renaming of this indicator from Protecting Investors to Protecting Minority Investors in Doing Business 2015. Using Singapore as a case study, we argue that, notwithstanding the positive changes brought in by Doing Business 2015, the variables and components chosen in this indicator essentially fail to capture the salient features of minority investor protection. We argue that minority investor protection is an area that is inherently too context-specific to be evaluated based on a unified business assumption or by pure quantitative methods. Lastly, we also provide specific suggestions to improve the Protecting Minority Investors indicator.

Suggested Citation

Lin, Lin and Ewing-Chow, Michael, The Doing Business Index on Minority Investor Protection: The Case of Singapore (March 1, 2016). Singapore Journal of Legal Studies, p.46, Mar 2016. Available at SSRN: https://ssrn.com/abstract=2762088

Lin Lin

National University of Singapore (NUS)

Bukit Timah Road 469 G
Singapore, 117591
Singapore

Michael Ewing-Chow (Contact Author)

National University of Singapore (NUS) - Faculty of Law ( email )

469G Bukit Timah Road
Eu Tong Sen Building
Singapore, 259776
Singapore

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