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EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/38884
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Giofré, Maela | | en_US |
| dc.date.accessioned | | 2010-07-02 | | en_US |
| dc.date.accessioned | | 2010-08-18T11:17:35Z | | - |
| dc.date.available | | 2010-08-18T11:17:35Z | | - |
| dc.date.issued | | 2010 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/38884 | | - |
| dc.description.abstract | | Different investor classes are endowed with different rights, and conflicting interests among them can make protections afforded to one party detrimental to another. Indeed, we find that investor protection laws have sizeable 'cross' effects on foreign portfolio investment and the direction of these effects supports the conjecture that foreign stakeholders are more sensitive to the perceived riskiness of assets than domestic investors. Specifically, we find that strong protection of creditor rights - limiting excessive risk taking - positively affects foreign shareholders, whereas strong protection of shareholder rights - potentially shifting firms toward riskier projects - negatively impacts foreign bondholders. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | CESifo München | | en_US |
| dc.relation.ispartofseries | | CESifo working paper Monetary Policy and International Finance 3102 | | en_US |
| dc.subject.jel | | G11 | | en_US |
| dc.subject.jel | | G15 | | en_US |
| dc.subject.jel | | G30 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | international portfolio investments | | en_US |
| dc.subject.keyword | | investor protection | | en_US |
| dc.subject.keyword | | bondholders-shareholders conflicts | | en_US |
| dc.subject.stw | | Portfolio-Investition | | en_US |
| dc.subject.stw | | Anlegerschutz | | en_US |
| dc.subject.stw | | Gläubigerschutz | | en_US |
| dc.subject.stw | | Stakeholder | | en_US |
| dc.subject.stw | | Schätzung | | en_US |
| dc.subject.stw | | Industriestaaten | | en_US |
| dc.title | | Investor protection and foreign stakeholders | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 630511799 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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