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Law and Equity Markets
Institutions and Equity Markets Segmentation
The Cost of Poor Institutions
3 other sections not shown
6-digit FTSE industries accounting standards agency problems amount of equity Anti-director Rights asset pricing auditing costs average excess returns beta capital markets CAPM companies correlation corruption cost of capital cost of equity countries cross-country Cross-Sectional Regressions datatype demand for equity developed markets dividend yield dummy variable earnings per share EMDB emerging markets empirical enforcement equation 4.5 equity capital equity finance equity funding equity markets estimated coefficients excess return exchange rate risk expected profitability expected rate expected return F-statistic firms increase institutional variables international integration investment investors IPO underpricing judicial efficiency judicial system legal and judicial legal environment legal system Lopez de Silanes managers measures minority shareholders monitoring MSCI negative Number of Obs p-value Porta private benefits rate of return ratio reduce return on equity risk-adjusted expected returns risk-adjusted return Rule of Law sector segmentation Shleifer Standard Error subsection Summary Statistics Table Vishny zero