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• W2166053178 abstract "We present a simple model of an entrepreneur going public in an environment with poor legal protection of outside shareholders. The model incorporates elements of Becker's (1968) crime and punishment framework into a corporate finance environment of Jensen and Meckling (1976). We examine the entrepreneur's decision and the market equilibrium. The model is consistent with a number of empirical regularities concerning the relationship between investor protection and corporate finance." @default.
• W2166053178 created "2016-06-24" @default.
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• W2166053178 date "2000-01-01" @default.
• W2166053178 modified "2023-10-02" @default.
• W2166053178 title "Investor Protection and Equity Markets" @default.
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• W2166053178 doi "https://doi.org/10.2139/ssrn.245448" @default.
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