We present a model of the effects of legal protection of minority shareholders and of cash flow ownership by a controlling shareholder on the valuation of firms. We then test this model using a sample
The Afrobarometer project assesses attitudes and public opinion toward democracy, markets, and civil society in several sub-Saharan African nations. This dataset was compiled from the studies in Round
The Afrobarometer project was designed to assess attitudes toward democracy, markets, and civil society in several sub-Saharan African nations, and to track the evolution of such attitudes in those na
As expectations and responsibilities for economic regulators continue to grow, establishing strong governance arrangements becomes increasingly important to ensure they can effectively fulfil their ma
Organisation for Economic Co-operation and Development50
