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Author:La Porta, R. (et al.)
Title:Investor protection and corporate valuation
Journal:Journal of Finance
2002 : JUN, VOL. 57:3, p. 1147-1170
Index terms:CASH FLOW
COMPANY VALUE
INVESTOR PROTECTION
SHAREHOLDER VALUE
Language:eng
Abstract:The authors present a model of the effects of legal protection of minority shareholders and of cash-flow ownership by a controlling shareholder on the valuation of firms. They then test this model using a sample of 539 large firms from 27 wealthy economies.
SCIMA record nr: 233656
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