Work

What Works in Securities Laws?

Year: 2006

Type: article

Abstract: ABSTRACT We examine the effect of securities laws on stock market development in 49 countries. We find little evidence that public enforcement benefits stock markets, but strong evidence that laws mandating disclosure and facilitating private enforcement through liability rules benefit stock markets.

Source: The Journal of Finance

DOI: 10.1111/j.1540-6261.2006.00828.x

Authors: RAFAEL LA PORTA, FLORENCIO LOPEZ‐DE‐SILANES, ANDREI SHLEIFER

Institutions: Dartmouth College, World Bank, Harvard University, Yale University, University of Amsterdam

Language: English

Topic: Corporate Finance and Governance

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Peace, justice, and strong institutions

Open Access status: bronze