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Legal perception and finance: when the perception matters more than the actual law

Schnyder, Gerhard, Grosman, Anna, Fu, Kun, Siems, Mathias and Aguilera, Ruth V. (2022) Legal perception and finance: when the perception matters more than the actual law. LSE Business Review (04 Jan 2022). Blog Entry.

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Abstract

How 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.

Item Type: Online resource (Blog Entry)
Official URL: https://blogs.lse.ac.uk/businessreview/
Additional Information: © 2022 The Authors
Divisions: LSE
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Date Deposited: 04 Apr 2022 14:54
Last Modified: 04 Apr 2022 14:54
URI: http://eprints.lse.ac.uk/id/eprint/114103

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