Corporate Governance: Comparative eJournal最新文献_第4页

Finance and Politics: A Review Essay Based on Kenneth Dam's Analysis of Legal Traditions in the Law-Growth Nexus 金融与政治:基于肯尼斯·达姆《法律与增长关系中的法律传统分析》的述评

Corporate Governance: Comparative eJournal Pub Date : 2009-09-20 DOI: 10.1257/JEL.47.3.781

M. Roe, J. Siegel

{"title":"Finance and Politics: A Review Essay Based on Kenneth Dam's Analysis of Legal Traditions in the Law-Growth Nexus","authors":"M. Roe, J. Siegel","doi":"10.1257/JEL.47.3.781","DOIUrl":"https://doi.org/10.1257/JEL.47.3.781","url":null,"abstract":"Strong financial markets are widely thought to propel economic development, with many in finance seeing legal tradition as fundamental to protecting investors sufficiently for finance to flourish. Kenneth Dam finds that the legal tradition view inaccurately portrays how legal systems work, how laws developed historically, and how government power is allocated in the various legal traditions. Yet, after probing the legal origins' literature for inaccuracies, Dam does not deeply develop an alternative hypothesis to explain the world's differences in financial development. Nor does he challenge the origins core data, which could be origins' trump card. Hence, his analysis will not convince many economists, despite that his legal learning suggests conceptual and factual difficulties for the legal origins explanations. Yet, a dense political economy explanation is already out there and the origins-based data has unexplored weaknesses consistent with Dam's contentions. Knowing if the origins view is truly fundamental, flawed, or secondary is vital for financial development policy making because policymakers who believe it will pick policies that imitate what they think to be the core institutions of the preferred legal tradition. But if they have mistaken views, as Dam indicates they might, as to what the legal traditions' institutions really are and which types of laws are effective, or what is really most important to financial development, they will make policy mistakes -- potentially serious ones.","PeriodicalId":354906,"journal":{"name":"Corporate Governance: Comparative eJournal","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-09-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124386749","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 69

How to Stop a Herd of Running Bears? Market Response to Policy Initiatives During the Global Financial Crisis 如何阻止一群奔跑的熊?全球金融危机期间市场对政策举措的反应

Corporate Governance: Comparative eJournal Pub Date : 2009-09-01 DOI: 10.2139/SSRN.1461222

Jochen R. Andritzky, Andreas (Andy) Jobst, Sylwia Nowak, Yacine Ait-Sahalia, Natalia T. Tamirisa

引用次数: 64

The Relative Importance of Firm and Country Characteristics for Earnings Quality Around the World 全球企业特征和国家特征对盈余质量的相对重要性

Corporate Governance: Comparative eJournal Pub Date : 2009-05-01 DOI: 10.1080/09638180903384643

Cristina Gaio

引用次数: 143

Ownership Structure and Dividend Smoothing: Cross-Country Evidence 股权结构与股利平滑:跨国证据

Corporate Governance: Comparative eJournal Pub Date : 2002-11-25 DOI: 10.2139/ssrn.2543785

Nahid Rahman

引用次数: 14