Public and Private Enforcement of Securities Laws is popular PDF and ePub book, written by Howell E. Jackson in 2015, it is a fantastic choice for those who relish reading online the Uncategoriezed genre. Let's immerse ourselves in this engaging Uncategoriezed book by exploring the summary and details provided below. Remember, Public and Private Enforcement of Securities Laws can be Read Online from any device for your convenience.
Public and Private Enforcement of Securities Laws Book PDF Summary
Ascertaining which enforcement mechanisms work to protect investors has been both a focus of recent work in academic finance and an issue for policy-making at international development agencies. According to recent academic work, private enforcement of investor protection via both disclosure and private liability rules goes hand in hand with financial market development, but public enforcement fails to correlate with financial development and, hence, is unlikely to facilitate it. Our results confirm the disclosure result but reverse the results on both liability standards and public enforcement. We use securities regulators' resources to proxy for regulatory intensity of the securities regulator. When we do, financial depth regularly, significantly, and robustly correlates with stronger public enforcement. In horse races between these resource-based measures of public enforcement intensity and the most common measures of private enforcement, public enforcement is overall as important as disclosure in explaining financial market outcomes around the world and more important than private liability rules. Hence, policymakers who reject public enforcement as useful for financial market development are ignoring the best currently-available evidence.
Detail Book of Public and Private Enforcement of Securities Laws PDF
- Author : Howell E. Jackson
- Release : 22 September 2024
- Publisher : Unknown
- ISBN : OCLC:1290218813
- Genre : Uncategoriezed
- Total Page : 55 pages
- Language : English
- PDF File Size : 11,9 Mb
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