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Bu bulgular hem hisse senedi hem de borç piyasaları için geçerlidir. Özellikle, Fransız medeni hukuku ülkeleri, özellikle ortak hukuk ülkelerine kıyasla hem en zayıf yatırımcı korumalarına hem de en az gelişmiş sermaye piyasalarına sahiptir.","title_en":"Legal Determinants of External Finance","abstract_source":"harvest"},"openalex_id":"W1969519191","doi":"10.1111/j.1540-6261.1997.tb02727.x","title":"Legal Determinants of External Finance","publication_year":1997,"type":"article","cited_by_count":9794,"is_open_access":true,"pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/j.1540-6261.1997.tb02727.x","abstract":"ABSTRACT Using a sample of 49 countries, we show that countries with poorer investor protections, measured by both the character of legal rules and the quality of law enforcement, have smaller and narrower capital markets. These findings apply to both equity and debt markets. In particular, French civil law countries have both the weakest investor protections and the least developed capital markets, especially as compared to common law countries.","source_name":"The Journal of Finance","source_issn":"0022-1082","volume":"52","issue":"3","first_page":"1131","last_page":"1150","language":"en","url":"https://doi.org/10.1111/j.1540-6261.1997.tb02727.x","is_relevant":true,"thesis_level":null,"title_tr":"Dış Finansın Hukuki Belirleyicileri","license_code":null,"license_url":null,"doi_status":"unknown","doi_last_checked":null,"merged_at":null,"lens_id":"015-414-879-361-880","patent_cited_by_count":null,"oa_colour":"Green","created_at":"2026-04-14T17:14:25.485809+03:00","updated_at":"2026-05-17T08:28:38.212360+03:00","publisher":null,"merged_into":null}