Robert W. Vishny

Research topics

• Corporate Finance and Governance · 3 papers
• Banking stability, regulation, efficiency · 2 papers
• Corporate Insolvency and Governance · 1 paper
• Insurance and Financial Risk Management · 1 paper
• Corporate Taxation and Avoidance · 1 paper
• Economic Policies and Impacts · 1 paper

Frequent co-authors

• Andrei Shleifer · 3 papers
• Florencio López‐de‐Silanes · 2 papers

Papers

1. Law and FinanceJournal of Political Economy · 1998 · 18,393 citations

   This paper examines legal rules covering protection of corporate shareholders and creditors, the origin of these rules, and the quality of their enforcement in 49 countries. The results show that common‐law countries generally have the strongest, and frenchcivillaw countries the…

2. Legal Determinants of External FinanceThe Journal of Finance · 1997 · 10,056 citations

   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…

3. Large Shareholders and Corporate ControlJournal of Political Economy · 1986 · 8,652 citations

   In a corporation with many small owners, it may not pay any one of them to monitor the performance of the management. We explore a model in which the presence of a large minority shareholder provides a partial solution to…