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Durham University

Durham Law School

Staff profile

Publication details for Professor Mathias Siems

Ahiabor, Frederick S., James, Gregory A., Kwabi, Frank O. & Siems, Mathias M. (2018). Shareholder protection, stock markets and cross-border mergers. Economics Letters 171: 54-57.

Author(s) from Durham


This paper is the first one that uses a panel data of different types of shareholder protection in order to examine (i) the effect of such laws on stock market development and (ii) the convergence of shareholder protection laws through cross-border mergers and acquisitions. We find significant results for enabling laws but less so for paternalistic ones.