Globalization, free markets and investor protection

dc.cclicenceCC-BY-NCen
dc.contributor.authorLartey, Theophilus
dc.contributor.authorDanso, Albert
dc.date.acceptance2019-10-03
dc.date.accessioned2019-10-03T14:45:44Z
dc.date.available2019-10-03T14:45:44Z
dc.date.issued2020-03
dc.descriptionopen access journalen
dc.description.abstractUsing data from 29 countries, this paper is the first attempt to examine whether economic, political and social integration explain how well investors, both shareholders and creditors, are protected from expropriation by firms. We show that: (i) globalization drives both shareholder and creditor protection; (ii) least restrictive markets rather than paternalistic markets matter particularly for shareholders’ protection; (iii) the globalization-protection nexus favoured only creditors during the crisis; and (iv) our result significantly holds for OECD-member countries.en
dc.funderNo external funderen
dc.identifier.citationLartey, T. and Danso, A. (2020) Globalization, free markets and investor protection. Economics and Business Lettersen
dc.identifier.doihttps://doi.org/10.17811/ebl.9.1.2020.8-13
dc.identifier.issn2254-4380
dc.identifier.urihttps://dora.dmu.ac.uk/handle/2086/18554
dc.language.isoenen
dc.peerreviewedYesen
dc.publisherOviedo University Pressen
dc.researchinstituteFinance and Banking Research Group (FiBRe)en
dc.subjectGlobalizationen
dc.subjectshareholder protectionen
dc.subjectcreditor protectionen
dc.subjectfree marketen
dc.subjectfinancial crisisen
dc.titleGlobalization, free markets and investor protectionen
dc.typeArticleen

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