Advanced search
Publication Cover
Applied Economics Letters Volume 30, 2023 - Issue 6
Submit an article Journal homepage
239
Views
0
CrossRef citations to date
0
Altmetric
Research Article

The effect of investor protection on firm riskiness and performance during the COVID-19 economic crisis

Thi Thuy Anh Voa University of Economics, The University of Danang, 71 Ngũ Hành Sơn, Bắc Mỹ Phú, Đà Nng, 550000, Vietnam
&
Mieszko Mazurb ESSCA School of Management, 55 quai Alphonse Le Gallo, 92513 BOULOGNE-BILLANCOURT CEDEX, FranceCorrespondence[email protected]
Pages 724-734 | Published online: 21 Dec 2021

References

  • Burkart, M., F. Panunzi, and A. Shleifer. 2003. “Family Firms.” Journal of Finance 58 (5): 2167–2201. doi:10.1111/1540-6261.00601.
  • Demers, E., J. Hendrikse, P. Joos, and B. Lev. 2020. “ESG Didn’t Immunize Stocks against the COVID-19 Market Crash.” AvailableatSSRN3675920.
  • Djankov, S., R. La Porta, F. Lopez-de-silanes, and A. Shleifer. 2008. “The Law and Economics of Self-dealing.” Journal of Financial Economics 88 (3): 430–465. doi:10.1016/j.jfineco.2007.02.007.
  • Fahlenbrach, R., K. Rageth, and R. M. Stulz. 2021. “How Valuable Is Financial Flexibility When Revenue Stops? Evidence from the Covid-19 Crisis.“ The Review of Financial Studies 34 (11): 5474–5521.
  • Fang, V. W., T. H. Noe, and S. Tice. 2009. “Stock Market Liquidity and Firm Value.” Journal of Financial Economics 94 (1): 150–169. doi:10.1016/j.jfineco.2008.08.007.
  • Hanselaar, R., R. Stulz, and M. Van Dijk. 2019. “Do Firms Issue More Equity When Markets Become More Liquid?” Journal of Financial Economics 133 (1): 64–82. doi:10.1016/j.jfineco.2018.12.004.
  • Houqe, M.N.; R.M. Monem, and T. van Zijl. 2012. “Government Quality, Auditor Choice and Adoption of IFRS: a Cross Country Analysis.” Advances in Accounting, Incorporating Advances in International Accounting 28: 307–316.
  • Hsu, P.H., Tian, X., and Xu, Y., 2014. “Financial development and innovation: Cross-country evidence.“ Journal of financial economics 112 (1): 116–135.
  • John, K., L. Litov, and B. Yeung. 2008. “Corporate Governance and Risk‐taking.” Journal of Finance 63 (4): 1679–1728. doi:10.1111/j.1540-6261.2008.01372.x.
  • Kaufmann, D.; A. Kraay, and M. Mastruzzi. 2011. “The Worldwide Governance Indicators: Methodology and Analytical Issues.” Hague Journal on the Rule of Law 3: 220–246.
  • La Porta, R., F. Lopez-de-silanes, A. Shleifer, and R. Vishny. 2000. “Investor Protection and Corporate Governance.” Journal of Financial Economics 58 (1–2): 3–27. doi:10.1016/S0304-405X(00)00065-9.
  • La Porta, R., F. Lopez‐de‐silanes, A. Shleifer, and R. W. Vishny. 1997. “Legal Determinants of External Finance.” Journal of Finance 52 (3): 1131–1150. doi:10.1111/j.1540-6261.1997.tb02727.x.
  • Leuz, C., D. Nanda, and P. D. Wysocki. 2003. “Earnings Management and Investor Protection: An International Comparison.” Journal of Financial Economics 69 (3): 505–527. doi:10.1016/S0304-405X(03)00121-1.
  • Nenova, T. 2003. “The Value of Corporate Voting Rights and Control: A Cross-country Analysis.” Journal of Financial Economics 68 (3): 325–351. doi:10.1016/S0304-405X(03)00069-2.
  • Porta, R. L., F. Lopez-de-silanes, A. Shleifer, and R. W. Vishny. 1998. “Law and Finance.” Journal of Political Economy 106 (6): 1113–1155. doi:10.1086/250042.
  • Ranciere, R., A. Tornell, and F. Westermann. 2008. “Systemic Crises and Growth.” Quarterly Journal of Economics 123 (1): 359–406. doi:10.1162/qjec.2008.123.1.359.
  • Rodrik, D. 2000. “Participatory Politics, Social Cooperation, and Economic Stability.” American Economic Review 90 (2): 140–144. doi:10.1257/aer.90.2.140.
  • Spamann, H. 2010. “The Antidirector Rights Index Revisited.” Review of Financial Studies 23: 467–486. doi:10.1093/rfs/hhp067.
  • Vo, T. A., M. Mazur, and A. Thai. 2021. “The Impact of COVID-19 Economic Crisis on the Speed of Adjustment toward Target Leverage Ratio: An International Analysis.” Finance Research Letters 102157. doi:10.1016/j.frl.2021.102157.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Supercharge Your Next Research Paper: Research and write your next paper with Jenni AI.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.