Investor protections and economic growth

被引:45
作者
Haidar, Jamal Ibrahim [1 ]
机构
[1] World Bank, Washington, DC 20433 USA
关键词
Corporate governance; Investor protection; Self-dealing; Growth; FINANCE; MARKETS; LEGAL; LAW;
D O I
10.1016/j.econlet.2008.12.007
中图分类号
F [经济];
学科分类号
02 ;
摘要
Using objective measures of investor protections in 170 countries, I establish that the level of investor protection matters for cross-country differences in GDP growth: countries with stronger protections tend to grow faster than those with poor investor protections. (C) 2008 Elsevier B.V. All rights reserved.
引用
收藏
页码:1 / 4
页数:4
相关论文
共 6 条
  • [1] Black BS, 2001, UCLA LAW REV, V48, P781
  • [2] Investor protection, optimal incentives, and economic growth
    Castro, R
    Clementi, GL
    MacDonald, G
    [J]. QUARTERLY JOURNAL OF ECONOMICS, 2004, 119 (03) : 1131 - 1175
  • [3] The law and economics of self-dealing
    Djankov, Simeon
    La Porta, Rafael
    Lopez-de-Silanes, Florencio
    Shleifer, Andrei
    [J]. JOURNAL OF FINANCIAL ECONOMICS, 2008, 88 (03) : 430 - 465
  • [4] Law and finance
    La Porta, R
    Lopez-de-Silanes, F
    Shleifer, A
    Vishny, RW
    [J]. JOURNAL OF POLITICAL ECONOMY, 1998, 106 (06) : 1113 - 1155
  • [5] Legal determinants of external finance
    LaPorta, R
    LopezDeSilanes, F
    Shleifer, A
    Vishny, RM
    [J]. JOURNAL OF FINANCE, 1997, 52 (03) : 1131 - 1150
  • [6] Investor protection and equity markets
    Shleifer, A
    Wolfenzon, D
    [J]. JOURNAL OF FINANCIAL ECONOMICS, 2002, 66 (01) : 3 - 27