5.2. shareholder rights
LLSV (1998) also provide a number of more detailed indices for particular aspects of corporate governance, such as shareholder rights, creditor rights,and accounting standards. Data on shareholder or "anti-director" right are available for all the countries in our sample except the five transition economies. Data on creditor rights are not available for the five transition economies and Venezuela. Data on accounting standards are not available for the five transition countries and Indonesia.
we look at each measure in turn and also evaluate the product of these rights and three measure of contract enforceability.
Right s on paper are good, but we are particularly interested in evaluating the implications of how these rights are