Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/38884 
Full metadata record
Appears in Collections:
DC FieldValueLanguage
dc.contributor.authorGiofré, Maelaen
dc.date.accessioned2010-07-02-
dc.date.accessioned2010-08-18T11:17:35Z-
dc.date.available2010-08-18T11:17:35Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/38884-
dc.description.abstractDifferent 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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x3102en
dc.subject.jelG11en
dc.subject.jelG15en
dc.subject.jelG30en
dc.subject.ddc330en
dc.subject.keywordinternational portfolio investmentsen
dc.subject.keywordinvestor protectionen
dc.subject.keywordbondholders-shareholders conflictsen
dc.subject.stwPortfolio-Investitionen
dc.subject.stwAnlegerschutzen
dc.subject.stwGläubigerschutzen
dc.subject.stwStakeholderen
dc.subject.stwSchätzungen
dc.subject.stwIndustriestaatenen
dc.titleInvestor protection and foreign stakeholders-
dc.typeWorking Paperen
dc.identifier.ppn630511799en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

Files in This Item:
File
Size
319.52 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.