The Law and Economics of Self-dealing

DSpace/Manakin Repository

The Law and Economics of Self-dealing

Citable link to this page


Title: The Law and Economics of Self-dealing
Author: Lopez-de-Silanes, Florencio; Djankov, Simeon; La Porta, Rafael; Shleifer, Andrei

Note: Order does not necessarily reflect citation order of authors.

Citation: Djankov, Simeon, Rafael La Porta, Florencio Lopez-de-Silanes, and Andrei Shleifer. 2008. The law and economics of self-dealing. Journal of Financial Economics vol. 88, issue 3: 430-465.
Full Text & Related Files:
Abstract: We present a new measure of legal protection of minority shareholders against expropriation by corporate insiders: the anti-self-dealing index. Assembled with the help of Lex Mundi law firms, the index is calculated for 72 countries based on legal rules prevailing in 2003, and focuses on private enforcement mechanisms, such as disclosure, approval, and litigation, that govern a specific self-dealing transaction. This theoretically grounded index predicts a variety of stock market outcomes, and generally works better than the previously introduced index of anti-director rights.
Published Version:
Other Sources:
Terms of Use: This article is made available under the terms and conditions applicable to Open Access Policy Articles, as set forth at
Citable link to this page:
Downloads of this work:

Show full Dublin Core record

This item appears in the following Collection(s)


Search DASH

Advanced Search