Rafael La Porta

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Rafael La Porta Drago is an Argentinian economist and university professor . He researches and teaches in the field of tension between law and economics in the area of institutional economics and historical analysis using econometric methods - in English-speaking countries, referring to a study he co-authored, referred to as "Law and Finance". His work focuses on the legal origins theory describing the relationship between financial systems, economic growth and the role of the state and the legal system.

Career, research and teaching

La Porta initially studied at the Universidad Católica de Buenos Aires , where he graduated in 1985 as an Artium Baccalaureus in economics. He later went to the United States , where he continued his education at Harvard University . In 1994 he graduated with a master's degree and in the same year received the title of Ph.D. , his work was entitled "Fads and Fundamentals in the Determination of Stock Prices". In the following years he stayed at the university, where he researched and taught in finance . Initially he was a lecturer until 1997 , then an assistant professor and from 2000 an associate professor . In 2003 he accepted an appointment as professor of Tuck School of Business of in Hanover , New Hampshire settled Dartmouth College .

La Porta's work focuses on corporate governance and investor protection . At the end of the 1990s he first achieved international attention when he, together with Robert Vishny , Florencio Lopez-de-Silanes and Andrei Shleifer , wrote two articles - the first article published in 1996 entitled "Law and Finance" - an empirical study covering 49 countries Study on the influence of investor protection on the long-term development of the respective capital markets. The authors showed that the capital markets in the former British colonies had developed more strongly than in the former French colonies. They attributed this to the common law that was pronounced in the Anglo-Saxon region , which, compared to the so-called civil law of the continental European countries based on laws codified by the respective legislators, allowed a freer development. These and other works of his are gladly consulted to show the superiority of a civil legal system in economic growth .

Web links

Individual evidence

  1. ↑ Sigurt Vitols: "Strategies for trade unions in a European system of corporate governance" (PDF file; 178 kB), August 2005 (p. 10f)
personal data
SURNAME La Porta, Rafael
ALTERNATIVE NAMES La Porta Drago, Rafael (full name); Laporta Rafael
BRIEF DESCRIPTION Argentine economist and university professor
DATE OF BIRTH 20th century