Culture, Law, and Corporate Governance
Culture, Law, and Corporate Governance
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DOI：
10.2139/ssrn.508402
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发表时间：
2004-02
期刊：
影响因子：
--
通讯作者：
A. Licht;Chanan Goldschmidt;S. Schwartz
中科院分区：
文献类型：
--
作者：
A. Licht;Chanan Goldschmidt;S. Schwartz
本文提出了一个新的框架来研究一个简单但基本的问题：书本上的法律以什么方式反映了文化价值？我们分析了La Porta等人编码的投资者合法权利指数之间的关系。(LLSV)-和国家文化概况。这些指数与社会对诉讼的接受程度一致的文化优先事项相关联。民事诉讼中的形式主义指数也表现出类似的相关性。这种社会立场可能与英国统治的传统有关。根据法系对国家进行分组--这是LLSV法律方法的基石--只提供了对整个公司治理制度的部分描述。我们的调查结果令人怀疑普通法国家所谓的成文法至高无上的地位。这些发现对于理解公司治理系统中的多样性和趋同以及系统分析法律和社会机构之间的接口具有重要意义。
This article advances a new framework for investigating a simple yet fundamental question: In what ways does the law on the books reflect cultural values? We analyze relations between indices of investors' legal rights - as coded by La Porta et al. (LLSV) - and national cultural profiles. These indices correlate with cultural priorities that are consistent with societal acceptance of litigation. Indices of formalism in civil procedure exhibit similar correlations. Such societal stance may be related to a heritage of British rule. Grouping countries according to legal families - the cornerstone of LLSV's legal approach - provides only a partial depiction of the universe of corporate governance regimes. Our findings cast doubt on the alleged general supremacy of statutes in common law countries. These findings have implications for understanding diversity and convergence in corporate governance systems and for a systematic analysis of the interface between law and social institutions.