What works in securities laws?

被引：1435
作者：
La Porta, R [1 ]
Lopez-De-Silanes, F
Shleifer, A
机构：
[1] Dartmouth Coll, Tuck Sch Business, Hanover, NH 03755 USA
[2] Univ Amsterdam, NL-1012 WX Amsterdam, Netherlands
[3] Harvard Univ, Cambridge, MA 02138 USA
来源：
JOURNAL OF FINANCE | 2006年 / 61卷 / 01期
关键词：
D O I：
10.1111/j.1540-6261.2006.00828.x
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
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.
引用
收藏
页码：1 / 32
页数：32
相关论文
共 72 条
[1]  
[Anonymous], INSIDE BUSINESS ENTE
[2]  
[Anonymous], 1999, GLOBAL COMPETITIVENE
[3]  
[Anonymous], FINANCIAL INNOVATION
[4]  
[Anonymous], [No title captured]
[5]   Bank regulation and supervision: what works best? [J].
Barth, JR ;
Caprio, G ;
Levine, R .
JOURNAL OF FINANCIAL INTERMEDIATION, 2004, 13 (02) :205-248
[6]   CRIME AND PUNISHMENT - ECONOMIC APPROACH [J].
BECKER, GS .
JOURNAL OF POLITICAL ECONOMY, 1968, 76 (02) :169-217
[7]  
BENSTON GJ, 1973, AM ECON REV, V63, P132
[8]   THE MARKET FOR PUBLIC ACCOUNTING SERVICES - DEMAND, SUPPLY AND REGULATION (REPRINTED FROM THE ACCOUNTING JOURNAL, VOL 2, PG 2-46, WINTER, 1979-80) [J].
BENSTON, GJ .
JOURNAL OF ACCOUNTING AND PUBLIC POLICY, 1985, 4 (01) :33-79
[9]  
BENY L, 2002, UNPUB COMP EMPIRICAL
[10]  
BERGMAN N, 2002, UNPUB INVESTOR PROTE
12345678