What Works in Securities Laws

By R. La Porta, Florencio Lopez‐de‐Silanes, A. Shleifer. 2006

2,640 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/63fd022f329bff797215423b4a163640df01bb51

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Citations in the corpus

Determinants of Capital Structure Empirical Evidence from Financial Services Listed Firms in China (2012, neutral): “…Poitevin, 1989), bankruptcy (Ross, 1977), taxes (Leland and Toft, 1996), institutional and historical characteristics of national financial systems (La Porta et al., 1997, 2006; Rajan and Zingales, 2003) but the understanding of the determinants of national and international capital structure is…”
Board Independence, Ownership Structure and the Valuation of IPOs in Continental Europe (2014, positive): “The control-function approach developed by Lee (2007) is used to control for endogeneity.”
Earnings Management and Audit Quality in Europe: Evidence from the Private Client Segment Market (2008, neutral): “LITIGATION is the litigation index from La Porta et al. (2006), which measures the liability standard for investors to recover damages from companies, directors and auditors when misleading information is disclosed.”
Shareholders’ Say on Pay: Does It Create Value? (2010, neutral): “Interestingly, countries with higher investor protection (Australia and U.K.) as measured by La Porta, Lopez-de-Silanes, and Shleifer (2006) have required advisory shareholder votes, while countries with lower investor protection (Netherlands, Norway, and Sweden) have required binding shareholder…”
Corporate Governance Quality: Trends and Real Effects (2006, neutral): “Time series data on minority shareholders’ rights are from Spamann (2006) following the work by La Porta et al. (1998).”
Does Takeover Activity Cause Managerial Discipline? Evidence from International M&A Laws (2015, positive): “Alternative measures of investor protection laws from La Porta et al. (2006) such as the private law enforcement, burden of proof, and disclosure standards produce similar conclusions.”
The Role of Financial Markets and Innovation in Productivity and Growth in Europe (2007, positive): “…that international banks’ investment decisions are sensitive to the enforcement of creditor rights (Papaioannou, 2005) and that stock-market turnover, block premia, private credit and market capitalisation are strongly correlated with the enforcement of shareholder rights (La Porta et al., 2006).”