Download This PaperShareholder Protection, Stock Markets and Cross-Border Mergers
Centre for Business Research, University of Cambridge Working Paper no. 509
10 Pages Posted: 16 Aug 2018
Date Written: August 3, 2018
Abstract
This paper is the first one that uses a panel data of different types of shareholder protection in order to examine (i) the effect of such laws on stock market development and (ii) the convergence of shareholder protection laws through cross-border mergers and acquisitions. We find significant results for enabling laws but less so for paternalistic ones.
Keywords: law and finance, shareholder protection, corporate governance, corporate finance
JEL Classification: G32, K22, N20, O16, P50
Suggested Citation: Suggested Citation
Ahiabor, Frederick and James, Gregory and Kwabi, Frank and Siems, Mathias, Shareholder Protection, Stock Markets and Cross-Border Mergers (August 3, 2018). Centre for Business Research, University of Cambridge Working Paper no. 509, Available at SSRN: https://ssrn.com/abstract=3225681 or http://dx.doi.org/10.2139/ssrn.3225681
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