Recent Research Has Shown That

Recent research has shown that

A) countries with investor protection, such as the United States and the United Kingdom, have less well-developed financial markets.
B) countries with strong investor protection, such as France and Spain, have comparatively well-developed financial markets.
C) there is a strong relationship across countries between investor protection and the development of financial markets.
D) there is no consistent relationship across countries between investor protection and the development of financial markets.