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Trend of Legal Globalisation and Stock Market Development

By Prabirjit Sarkar


The purpose of this paper is to analyze some leximetric data for a number of developed and less developed countries hitherto unavailable to examine (i) the changing state of shareholder protection and (ii) its connection with stock market development and capital accumulation. It finds a strong evidence of legal globalisation but no evidence of its favourable link with stock market development and capital formation.

Topics: K22 - Business and Securities Law, O16 - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
Year: 2007
DOI identifier: 10.2139/ssrn.991521
OAI identifier:

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