Law and Finance
Common Law and Civil Law Countries Compared—An Empirical Critique
Bibliographic Data
| ID | 9725538 |
|---|---|
| Authors | MICHAEL GRAFF (0000-0003-3844-9201, The University of Queensland, corresponding author) |
| Year | 2008 |
| Volume | 75 |
| Issue | 297 |
| Pages | 60-83 |
| Publication date | 2008-02-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1468-0335.2007.00596.x |
| OpenAlex | W2113915439 |
| Language | EN |
| Citations received | 7 |
| References cited | 18 |
The ‘theory of law and finance’ argues that the common law system provides a better framework for financial development and economic growth than the civil law tradition. This paper identifies a number of problems that cast doubt on the soundness of the empirical basis of this literature. However, this analysis supports the idea that the legal tradition is a major factor in shaping corporate law. In particular, while there is not much evidence that common law countries protect financial investors better than civil law countries I find support for the assumption that financial investors are treated differently across legal families
Civil law (Civil law) · Commercial law · Common law · Comparative law · Economics · Law and economics · Municipal law · Political science · Private law · Public law · Soundness · Banking stability, regulation, efficiency · Corporate Finance and Governance · Corruption and Economic Development · Law
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| Unique citing works | 7 |
|---|---|
| Citations per year | 0,41 |
| Citation span | 2009 - 2024 (16) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 7 |