Investor protection and the Coasian view

The corporate charters of a sample of Mexican firms show that private firms often significantly enhance the legal protection offered to investors, but public firms rarely do so. We construct a model that endogenizes the degree of investor protection that firms provide, using as a springboard the ass...

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Veröffentlicht in:	Journal of financial economics 2007-06, Vol.84 (3), p.738-771
Hauptverfasser:	Bergman, Nittai K., Nicolaievsky, Daniel
Format:	Artikel
Sprache:	eng
Schlagworte:	Business models Charters Comparative analysis Contracts Corporate charters Corporate governance Financial contracting Investor protection Investors Legal protection Mexico Private enterprises Protection Public sector Studies
Online-Zugang:	Volltext
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