Journal article
Investor and Worker Protection in Australia: A Longitudinal Analysis
H Anderson, P Gahan, R Mitchell, I Ramsay, M Welsh
Sydney Law Review | University of Sydney Law School | Published : 2012
Abstract
In this research note, the authors use leximetric analysis, which involves the numerical coding of the strength of legal protections, to document changes in the level of investor (shareholder and creditor) protection and worker protection in Australia for the period 1970-2010. For worker protection, the level of protection in 2010 was similar to the level of protection in 1970, with two abrupt increases and declines. In contrast, investor protection has increased over the 40 years. The statistical analysis of the data indicates that increased protection for investors is not obtained at the expense of protection for workers. Implications of this finding are explored by the authors.
Grants
Awarded by Australian Research Council
Funding Acknowledgements
Helen Anderson, Centre for Corporate Law and Securities Regulation, Melbourne Law School, University of Melbourne, Department of Business Law and Taxation, Monash University; Peter Gahan, Department of Management and Marketing, Faculty of Business and Economics, University of Melbourne; Richard Mitchell, Department of Business Law and Taxation, Monash University; Ian Ramsay, Centre for Corporate Law and Securities Regulation, Melbourne Law School, University of Melbourne; and Michelle Welsh, Workplace and Corporate Law Research Group, Department of Business Law and Taxation, Monash University. The authors acknowledge the financial support from the Australian Research Council (Discovery Project Grant No DP1095060) to undertake the research on which this note is based.