“...This paper examines legal rules covering protection of corporate shareholders and creditors, the origin of these rules, and the quality of their enforcement in...”

“...We assemble data on government ownership of banks around the world. The data show that such ownership is large and pervasive, and higher in countries with low...”

“...This paper outlines and tests two agency models of dividends. According to the "outcome model," dividends are paid because minority shareholders pressure...”

“...We examine the effect of securities laws on stock market development in 49 countries. We find little evidence that public enforcement benefits stock markets,...”

“...In the Anglo‐American constitutional tradition, judicial checks and balances are often seen as crucial guarantees of freedom. Hayek distinguishes two ways in...”

“...We investigate the determinants of regional development using a newly constructed database of 1,569 subnational regions from 110 countries covering 74% of the...”

“...We present a new measure of legal protection of minority shareholders against expropriation by corporate insiders: the anti-self-dealing index. Assembled with...”

“...In the last decade, economists have produced a considerable body of research suggesting that the historical origin of a country's laws is highly correlated...”

“...Loan tranching allows banks to manage risk and facilitate firm financing, which may be essential for firms that cannot access investors from stock markets. We...”

“...We investigate the regulation of labor markets through employment, collective relations, and social security laws in 85 countries. We find that the political...”