Shareholder Protection Across Countries - is the EU on the Right Track?
DICE-Report - Journal for Institutional Comparisons, Vol. 4/3, pp. 39-43, 2006
5 Pages Posted: 27 Oct 2006 Last revised: 30 Jan 2014
Since the beginning of the new century harmonisation of company law has once again been on the European agenda. One of its most important aims is the protection of shareholders. This article addresses this aim from a leximetric perspective. At the outset, it will be explained what leximetrics is (namely a quantitative approach to legal analysis). Using this methodology, it will then be shown how different parts of shareholder protection (active shareholder, passive shareholder, boards) have developed in Germany, France, the UK and US in the last 35 years.
This paper is part of a wider research project. The related papers can be downloaded at http://ssrn.com/abstract=897479 and http://ssrn.com/abstract=988409 .
Keywords: shareholder protection, company law, corporate law, harmonisation, harmonization, leximetrics, law and finance, La Porta et al., LLSV, numerical comparative law, comparative company law, comparative corporate governance
JEL Classification: G30, G38, K22, N20, N40, N50
Suggested Citation: Suggested Citation