Legality and the Spread of Voluntary Investor Protection (notice n° 166656)
[ vue normale ]
| 000 -LEADER | |
|---|---|
| fixed length control field | 01510cam a2200181 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250112034107.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Cumming, Douglas |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Legality and the Spread of Voluntary Investor Protection |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2014.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 69 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | We examine the spread of Undertakings for Collective Investment in Transferable Securities (UCITS) funds around the world and consider whether such mutual funds, which voluntarily adopt higher standards of investor protection, expand their operations to other countries with higher or lower investor protection regimes. The data indicate equity funds spread to countries with better anti-director rights and bond funds spread to countries with better creditor rights; however, either type of spread is uncorrelated with and unexplained by enforcement standards. The data therefore indicate that the loss of insider managerial benefits from UCITS constraints is smaller in countries where legal standards are higher, and this mechanism is a primary determinant of the spread of voluntary protection mechanisms among mutual funds. This central finding holds over a wide range of robustness checks and the use of treatment-effect models that account for self selection. |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Imad’Eddine, Gaël |
| Relator term | author |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Schwienbacher, Armin |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Finance | 34 | 3 | 2014-07-02 | p. 31-65 | 0752-6180 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-finance-2013-3-page-31?lang=en">https://shs.cairn.info/journal-finance-2013-3-page-31?lang=en</a> |
Pas d'exemplaire disponible.
Réseaux sociaux