What Works in Securities Law?

Rafael La Porta, Florencio Lopez-de-Silane, Andrei Shleifer

We examine the effect of securities laws on stock market development in 49 countries. We find almost no evidence that public enforcement benefits stock markets, and strong evidence that laws facilitating private enforcement through disclosure and liability rules benefit stock markets

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Year of publication:	August 2003
Authors:	Porta, Rafael La
Other Persons:	Shleifer, Andrei (contributor) ; Lopez-de-Silane, Florencio (contributor)
Institutions:	National Bureau of Economic Research (contributor)
Publisher:	Cambridge, Mass : National Bureau of Economic Research
Subject:	Wertpapierrecht \| Securities law \| Welt \| World \| Vergleich \| Comparison \| Börsengang \| Initial public offering \| Aktienmarkt \| Stock market \| Rechtsdurchsetzung \| Law enforcement

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Extent:	1 Online-Ressource
Series:	NBER working paper series ; no. w9882
Type of publication:	Book / Working Paper
Language:	English
Notes:	Mode of access: World Wide Web System requirements: Adobe [Acrobat] Reader required for PDF files Hardcopy version available to institutional subscribers.
Other identifiers:	10.3386/w9882 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012468815