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Legal Protection, Corruption and Private Equity Returns in Asia

Cumming, Douglas; Fleming, Grant; Johan, Sofia; Takeuchi, Mai

Description

This article examines how private equity returns in Asia are related to levels of legal protection and corruption. We utilize a unique data set comprising over 750 returns to private equity transactions across 20 developing and developed countries in Asia. The data indicate that legal protections are an important determinant of private equity returns in Asia, but also that private equity managers are able to mitigate the potential for corruption. The quality of legal system (including legal...[Show more]

CollectionsANU Research Publications
Date published: 2010
Type: Journal article
URI: http://hdl.handle.net/1885/68351
Source: Journal of Business Ethics
DOI: 10.1007/s10551-011-0853-6

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