Securities Regulation
What Works in Securities Laws?
Rafael La Porta, Florencio Lopez-de-Silanes, and Andrei Shleifer
- Year
- 2006
- Venue
- Journal of Finance
- Level
- Advanced
Summary
Compares securities laws in forty-nine countries to assess their relationship with stock-market development. The paper finds strong evidence that disclosure rules and liability standards facilitating private enforcement support market development, while public enforcement measures show weaker and more limited associations.
Citation
Rafael La Porta, Florencio Lopez-de-Silanes, and Andrei Shleifer. "What Works in Securities Laws?." Journal of Finance, 2006.
DOI: 10.1111/j.1540-6261.2006.00828.x
BibTeX
@article{Porta2006What,
title = {What Works in Securities Laws?},
author = {Rafael La Porta, Florencio Lopez-de-Silanes, and Andrei Shleifer},
year = {2006},
journal = {Journal of Finance},
doi = {10.1111/j.1540-6261.2006.00828.x},
url = {https://doi.org/10.1111/j.1540-6261.2006.00828.x}
}