Simeon Djankov

TL;DR: The authors examined the separation of ownership and control for 2,980 corporations in nine East Asian countries and found that voting rights frequently exceed cash-ow rights via pyramid structures and cross-holdings.

TL;DR: In this article, the authors disentangle the incentive and entrenchment effects of large ownership and find that firm value increases with the cash-flow ownership of the largest shareholder, consistent with a positive incentive effect.

TL;DR: In this article, the authors disentangle the incentive and entrenchment effects of large ownership and find that firm value increases with the cash-flow ownership of the largest shareholder, consistent with a positive incentive effect.

TL;DR: In this article, the authors present new data on the regulation of entry of start-up firms in 85 countries, covering the number of procedures, official time, and official cost that a startup must bear before it can operate legally.

TL;DR: The anti-self-dealing index as mentioned in this paper is a measure of legal protection of minority shareholders against expropriation by corporate insiders, which is calculated for 72 countries based on legal rules prevailing in 2003, and focuses on private enforcement mechanisms such as disclosure, approval, and litigation, that govern a specific selfdealing transaction.