Topic
Comparative law
About: Comparative law is a research topic. Over the lifetime, 25635 publications have been published within this topic receiving 311268 citations. The topic is also known as: Law in general. Comparative and uniform law. Jurisprudence & comparative law analysis.
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TL;DR: The authors showed that countries with poorer investor protections, measured by both the character of legal rules and the quality of law enforcement, have smaller and narrower capital markets than those with stronger investor protections.
Abstract: Using a sample of 49 countries, we show that countries with poorer investor protections, measured by both the character of legal rules and the quality of law enforcement, have smaller and narrower capital markets. These findings apply to both equity and debt markets. In particular, French civil law countries have both the weakest investor protections and the least developed capital markets, especially as compared to common law countries.
10,005 citations
Book•
01 Jan 1990TL;DR: This paper found that people obey the law if they believe it's legitimate, not because they fear punishment, which is the conclusion of Tom Tyler's classic study, "People obey law primarily because they believe in respecting legitimate authority".
Abstract: People obey the law if they believe it's legitimate, not because they fear punishment--this is the startling conclusion of Tom Tyler's classic study. Tyler suggests that lawmakers and law enforcers would do much better to make legal systems worthy of respect than to try to instill fear of punishment. He finds that people obey law primarily because they believe in respecting legitimate authority. In his fascinating new afterword, Tyler brings his book up to date by reporting on new research into the relative importance of legal legitimacy and deterrence, and reflects on changes in his own thinking since his book was first published.
3,783 citations
Book•
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01 Jan 1999
TL;DR: In this paper, the authors sketch in a short space how the law of peoples may be developed out of liberal ideas of justice similar to but more general than the idea I called justice as fairness and presented in my book A Theory of Justice.
Abstract: One aim of this essay is to sketch in a short space-I can do no more than that-how the law of peoples may be developed out of liberal ideas of justice similar to but more general than the idea I called justice as fairness and presented in my book A Theory of Justice.' By the law of peoples I mean a political conception of right and justice that applies to the principles and norms of international law and practice.2 In section 58 of the
2,487 citations
Book•
01 Jan 1972
TL;DR: The Economic Analysis of Law, Eighth Edition as mentioned in this paper provides a comprehensive casebook of the economic analysis of the law, including common law, public regulation of the market, business organizations and financial markets, distribution of income and wealth, the legal process, and the Constitution and the federal system.
Abstract: Economic Analysis of Law, Eighth Edition, written by the pioneer in law and economics analysis, Richard A. Posner, remains the classic text in its field. This lucid, comprehensive casebook covers every aspect of the economic analysis of the law, including the common law, public regulation of the market, business organizations and financial markets, the distribution of income and wealth, the legal process, and the Constitution and the federal system. The Eighth Edition has been substantially revised to take into account current events, including the continuing economic crisis, the re-emerging field of organization economics, and recent work by the author and others on judicial behavior. The this preeminent casebook continues to offer Coverage of the legal-economic perspective on all key areas, from common law to the constitution. Accessible, lucid, and user-friendly writing and organization: Non
2,433 citations
TL;DR: The authors examine the effect of securities laws on stock market development in 49 countries and find little evidence that public enforcement benefits stock markets, but strong evidence that laws mandating disclosure and facilitating private enforcement through liability rules benefit stock markets.
Abstract: We examine the effect of securities laws on stock market development in 49 countries. We find little evidence that public enforcement benefits stock markets, but strong evidence that laws mandating disclosure and facilitating private enforcement through liability rules benefit stock markets.
1,769 citations