enforced. we use a very simple measure,the product of legal de jure rights and the enforce ability of these rights. Because it is hard to know exactly how rights are enforced we use the three indices of general legal environment used in the previous section:judicial efficiency , corruption, and the rule of law. This enables us to check for a robust pattern in the data.
Table 3 shows the LLSV (1998) aggregate index of minority shareholder rights on a scale of zero to six,which they call "anti-director" rights, Asian countries show a wide range of values, with lower scores in countries that experienced greater depreciation: Indonesia scores a two on this index,while Malaysia scores a four and Hong Kong scores a five. On the other hand, Mexico and Venezuela,with much less depreciation, have even lower scores than Indonesia.