Legal perception and finance: when the perception matters more than the actual law
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posted on 2022-06-16, 11:33 authored by Gerhard SchnyderGerhard Schnyder, Anna GrosmanAnna Grosman, Kun FuKun Fu, Mathias Siems, Ruth AguileraHow people perceive the quality of the law can affect companies in many ways. Gerhard Schnyder, Anna Grosman, Kun Fu, Mathias Siems, and Ruth V. Aguilera explore the underdeveloped role of legal perceptions in initial public offerings (IPOs), when companies list their shares in a stock exchange. They find that what drives IPO valuation is how shareholder protection laws are perceived, rather than the actual quality of the legal protection.
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- Loughborough University London
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LSE Business ReviewPublisher
LSE (London School of Economics and Political Science)Version
- VoR (Version of Record)
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© LSEPublisher statement
This is an Open Access Article. It is published by LSE under the Creative Commons Attribution-NonCommercial-NoDerivs 2.0 UK: England & Wales Licence (CC BY-NC-ND 2.0 UK). Full details of this licence are available at: https://creativecommons.org/licenses/by-nc-nd/2.0/uk/Publication date
2022-01-04Copyright date
2022Publisher version
Language
- en
Depositor
Dr Anna Grosman. Deposit date: 13 June 2022Usage metrics
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