Li, Xi; Licht, Amir N.; Poliquin, Christopher; Siegel, … - HKUST Institute for Emerging Market Studies (IEMS), … - 2015
On March 29, 2010, the U.S. Supreme Court signaled its intention to geographically limit the reach of the U.S. securities antifraud regime and thus differentially exclude U.S.-listed foreign firms from the ambit of formal U.S. antifraud enforcement. We use this legal surprise as a natural...