Shareholder protection, stock markets and cross-border mergers
This paper is the first one that uses a panel data of different types of shareholder protection in order to examine (i) the effect of such laws on stock market development and (ii) the convergence of shareholder protection laws through cross-border mergers and acquisitions. We find significant results for enabling laws but less so for paternalistic ones.
The file attached to this record is the author's final peer reviewed version. The Publisher's final version can be found by following the DOI link.
Citation : Ahiabor, F.S., James, G.A., Kwabi, F. and Siems, M.M. (2018) Shareholder protection, stock markets and cross-border mergers. Economics Letters, 171, pp. 54-57
Peer Reviewed : Yes