Securities Regulation
Mandatory Disclosure and the Protection of Investors
Frank H. Easterbrook and Daniel R. Fischel
- Year
- 1984
- Venue
- Virginia Law Review
- Level
- Intermediate
Summary
Evaluates the investor-protection case for mandatory securities disclosure from an economic perspective. The article questions whether public disclosure mandates outperform market and contractual information-production mechanisms, emphasizing information costs, price formation, and the possibility of regulatory failure.
Citation
Frank H. Easterbrook and Daniel R. Fischel. "Mandatory Disclosure and the Protection of Investors." Virginia Law Review, 1984.
BibTeX
@article{Easterbrook1984Mandatory,
title = {Mandatory Disclosure and the Protection of Investors},
author = {Frank H. Easterbrook and Daniel R. Fischel},
year = {1984},
journal = {Virginia Law Review},
url = {https://chicagounbound.uchicago.edu/journal_articles/1177/}
}