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Data · dataset · 2023

Law and finance: Why does legal origin matter? [Dataset]

Listed in IISH Dataverse

This paper assesses empirically two theories of why legal origin influences financial development.

Description

The political channel stresses that legal traditions differ in the priority they give to the rights of individual investors vis-à-vis the state and this has repercussions for financial development. The adaptability channel holds that legal traditions differ in their ability to adjust to changing commercial circumstances and legal systems that adapt quickly will foster financial development more effectively.

We use historical comparisons and cross-country regressions to assess the validity of these two channels. We find that legal origin matters for financial development because legal traditions differ in their ability to adapt efficiently to evolving economic conditions.

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Where it is published

Catalogue records · 1

Topics

Stated by source
Business and Management
Inferred from text
Law in context 73%
Provenance · 1 source records, 10 field assertions
SourceKeyLast seenRaw
IISH Dataversedoi:10.34894/HPCSRG11 d agoJSON v1
FieldAssertionExtractorEvidence
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concepts[field].dataverse_subject:business-and-managementsource · datasets iisg amsterdamconnector:datasets_iisg_amsterdam@1.0.0/subjects
concepts[field].local:field:economics-financemapping · datasets iisg amsterdamconnector:datasets_iisg_amsterdam@1.0.0/subjects
concepts[field].local:field:social-sciencemapping · datasets iisg amsterdamconnector:datasets_iisg_amsterdam@1.0.0/subjects
created_datesource · datasets iisg amsterdamconnector:datasets_iisg_amsterdam@1.0.0
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