Good governance
- In contrast to the results of the variables under our laws are much stronger (see Table 7) variable efficacy trial is not important. But other legal environment variables are important in as much detail as possible.
- Corruption, plot the performance of the stock market in Figure 5 is significantly both with themselves and with the East Asian model. Regression coefficients showed that the improvement in the corruption index is associated with 7.6% better than the stock market performance of cumulative adjusted R-squared is 0.09 without EAS puppet. Corruption is more important, and the coefficient When we reserve driver. But it was not significant when we include dummies book and Southeast Asia.