ÿþ<!DOCTYPE HTML PUBLIC '-//W3C//DTD HTML 4.01//EN'> <html><head><title>Title Page</title><meta http-equiv='Content-Type' content='text/html; charset=iso-8859-1'><style type='text/css'>h1 { margin:0px 0px 0px 0px; padding:0px; font-size:large; font-weight:900; font-family:verdana, arial, helvetica, sans-serif; text-align:center; color:#000; }h2 { font-size:medium; font-weight:900; font-family:verdana, arial, helvetica, sans-serif; margin:10px 0px -2px 0px; padding:0px; color:#000; }h2.myclass { font-size:medium; font-weight:900; font-family:verdana, arial, helvetica, sans-serif; margin:10px 0px -2px 0px; padding:0px; color:#000; text-align:center;}h3 { font-size:13px; font-weight:700; font-family:verdana, arial, helvetica, sans-serif; margin:0px 0px -1px 0px; padding:0px; color:#07a; }h3.myclass { font-size:13px; font-weight:700; font-family:verdana, arial, helvetica, sans-serif; margin:0px 0px -1px 0px; padding:0px; color:#07a; text-align:center;}h4 { font-size:x-large; font-family:garamond, serif; color:#09f; text-align:center; margin:0px 0px 5px 0px; padding:0px;}h5 { font-size:13px; font-family:verdana, arial,sans-serif; font-weight:600; margin:0px 0px 5px 50px; padding:0px;}i.myclass{color:#07a;}</style></head><body> <H1> Law, Finance and Development Indices, 1970-2005 </H1> <H3 class='myclass'> UKDA study number:6260</h3> <H2 class='myclass'>Principal Investigators </H2> <H3 class='myclass'> Deakin,S.<br>University of Cambridge. Centre for Business Research<br>Armour, J.<br>University of Oxford. Faculty of Law<br>Singh, A.<br>University of Cambridge. Faculty of Economics<br> </H3> <H2 class='myclass'>Sponsor</H2> <H3 class='myclass'>Economic and Social Research Council<br></H3> <H2 class='myclass'>Distributed by</H2> <H3 class='myclass'>UK Data Archive, University of Essex, Colchester.</H3> <H3 class='myclass'> August 2009 </H3> <div style='page-break-before:always'></div> <H1>&nbsp;</H1><H1>Bibliographic Citation</H1> <H5> All works which use or refer to these materials should acknowledge these sources by means of bibliographic citation. To ensure that such source attributions are captured for bibliographic indexes, citations must appear in footnotes or in the reference section of publications. The bibliographic citation for this data collection is: </h5> <H5> Deakin,S., Armour, J. and Singh, A., <i> Law, Finance and Development Indices, 1970-2005</i> [computer file]. Colchester, Essex: UK Data Archive [distributor], August 2009. SN: 6260, http://dx.doi.org/10.5255/UKDA-SN-6260-1. </h5><H1>&nbsp;</H1> <H1 >Acknowledgement</h1> <h5> Any publication, whether printed, electronic or broadcast, based wholly or in part on these materials, should acknowledge the original data creators, depositors or copyright holders, the funders of the Data Collections (if different) and the UK Data Archive, and to acknowledge Crown Copyright where appropriate. <br> Any publication, whether printed, electronic or broadcast, based wholly or in part on these materials should carry a statement that the original data creators, depositors or copyright holders, the funders of the Data Collections (if different) and the UK Data Archive bear no responsibility for their further analysis or interpretation. </h5><H5>&nbsp;</H5> <h5><b>Copyright: </b><br> S. Deakin, J. Armour and A. Singh </h5><H1>&nbsp;</H1> <H1>Disclaimer</H1> <h5> Although all efforts are made to ensure the quality of the materials, neither the original data creators, depositors or copyright holders, the funders of the Data Collections, nor the UK Data Archive bear any responsibility for the accuracy or comprehensiveness of these materials.<br> </h5><h5>&nbsp;</h5><h5>All rights reserved. No part of these materials may be reproduced, stored in, or introduced into a retrieval system, or transmitted, in any form, or by any means (electronic, mechanical, photocopying, recording or otherwise) without the prior written permission of the UK Data Archive.<br><br>UK Data Archive<br> University of Essex<br> Wivenhoe Park<br> Colchester<br> Essex C04 3SQ<br> United Kingdom<br>www.data-archive.ac.uk <br><br> </h5> <h2 style='page-break-before:always'> 6260 . Law, Finance and Development Indices, 1970-2005<br> </h2><h3>&nbsp;</h3> <h3>Depositor:</h3> <h5>Bullock, A. , University of Cambridge. Centre for Business Research</h5> <h3>Principal Investigators:</h3> <h5>Deakin,S. , University of Cambridge. Centre for Business Research</h5> <h5>Armour, J. , University of Oxford. Faculty of Law</h5> <h5>Singh, A. , University of Cambridge. Faculty of Economics</h5> <H3>Sponsor:</H3><H5> Economic and Social Research Council<br> <i class='myclass'> Grant Number:</i> RES-156-25-0037 </H5> <h3> Other Acknowledgements: </h3> <h5>Data were collected by:<ul><li>Mathias Siems, The Norwich Law School, University of East Anglia</li><li>Priya Lele, Ashurst</li><li>Viviana Mollica, Faculty of Law, University of Cambridge</li></ul><br></h5> <h3> Abstract: </h3> <h5>This study examined the links between legal systems and economic development, focusing on the relationship between law and finance. New datasets were created, charting legal change over time in the areas of shareholder protection, creditor protection and labour regulation. Indices with up to 60 indicators were used to code for the law of five significant countries (France, Germany, India, the United Kingdom and the United States of America) for 36 years (1970-2005), and reduced-form indices of 10-12 indicators to code for a wider sample (25 countries) for the period 1995-2005. <br> <br> The coding methods used marked an advance on previous studies, by incorporating a wider range of legal and regulatory variables and taking into account the different ways in which regulatory rules can be expressed (as mandatory rules or as  defaults applying in the absence of contrary agreement). Time-series and panel data econometric analysis were used to test for correlations between the scores in the indices and economic performance variables. <br> <br> Further information can be found on the <a href="http://www.cbr.cam.ac.uk/research/programme2/project2-20.htm" title ="Centre for Business Research">Centre for Business Research</a> project web page and the <a href="http://www.esrcsocietytoday/esrcinfocentre/viewawardpage.aspx?awardnumber=RES-156-25-0037" title ="ESRC Award">ESRC Award</a> web page.<br></h5><h3>Main Topics:</h3><h5>The main topics covered include: law and finance, corporate governance, economic development, legal origin, comparative law, varieties of capitalism, shareholder protection, creditor protection, labour regulation, stock market development and labour market flexibility.</h5> <h3>Coverage: </h3><h5> <i class='myclass'> Time Period Covered:</i> 1970 - 2005 5-country datasets: 1970-2005'; 25-country datasets: 1995-2005 <br><i class='myclass'>Country: </i> Argentina; Brazil; Canada; Chile; China; Czech Republic; France; Germany (October 1990-); India; Italy; Japan; Latvia; Mexico; Netherlands; Pakistan; Russia; Slovenia; South Africa; Spain; Sweden; Switzerland; Turkey; United Kingdom; United States; Malaysia <br><i class='myclass'>Spatial Units: </i> Countries <br><i class='myclass'>Observation Units: </i> Administrative units (geographical/political) <br><i class='myclass'>Kind of Data: </i> Numeric data; Aggregate (macro) level </h5> <h3>Universe Sampled: </h3><h5> <i class='myclass'>Location of Units of Observation:</i> Cross-national; National <br><i class='myclass'>Population:</i> Legal provisions of 25 countries, 1970-2005 </h5> <h3>Methodology: </h3><h5> <i class='myclass'>Time Dimensions: </i> Cross-sectional (one-time) study <br><i class='myclass'>Sampling Procedures: </i> No sampling (total universe) <br><i class='myclass'>Method of Data Collection: </i> Compilation or synthesis of existing material <br><i class='myclass'>Data Sources: </i> Legal materials (statutes, case law, other relevant sources) were collected and reviewed as part of the project. The data contained in the datasets are based on the application of original algorithms or protocols for coding legal rules which were developed by the members of the project team. <br><i class='myclass'>Weighting: </i> No weighting used </h5><h3>Language(s) of Written Materials: </h3> <h5>Study Description: English<br>Study Documentation: English<br></h5> <h3>Access: </h3><h5> <i class='myclass'>Access Conditions: </i> The depositor has specified that registration is required and standard conditions of use apply. The depositor may be informed about usage. See <a href='http://www.data-archive.ac.uk/orderingdata/termsandConditions.asp'>terms and conditions</a> for further information. <br><i class='myclass'>Availability: </i> ESDS Access and Preservation, UK Data Archive <br><i class='myclass'>Contact: </i></b> Help desk: help@esds.ac.uk<br> </h5> <h3>Date of First Release:</h3><h5> 13 August 2009<br></h5> <h3> Copyright: </h3> <h5> S. Deakin, J. Armour and A. Singh</h5> <br><br> <h3> File last updated: </h3> <h5>31 October 2011</h5> </body></html>