Securities Regulation
How to Fix Wall Street: A Voucher Financing Proposal for Securities Intermediaries
Stephen J. Choi and Jill E. Fisch
- Year
- 2003
- Venue
- Yale Law Journal
- Level
- Advanced
Summary
Proposes a voucher-financing mechanism for securities intermediaries such as analysts, auditors, proxy advisers, and institutional monitors. The article treats information intermediaries as a collective-action problem and asks how legal design might finance monitoring without relying only on issuer-paid or investor-paid models.
Citation
Stephen J. Choi and Jill E. Fisch. "How to Fix Wall Street: A Voucher Financing Proposal for Securities Intermediaries." Yale Law Journal, 2003.
BibTeX
@article{Choi2003How,
title = {How to Fix Wall Street: A Voucher Financing Proposal for Securities Intermediaries},
author = {Stephen J. Choi and Jill E. Fisch},
year = {2003},
journal = {Yale Law Journal},
url = {https://www.yalelawjournal.org/pdf/394_35j1tgr6.pdf}
}