What Works in Securities Laws?
La Porta, Rafael
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CitationLa Porta, Rafael, Florencio Lopez-de-Silanes, and Andrei Shleifer. 2006. “What Works in Securities Laws?” The Journal of Finance 61 (1) (January 20): 1–32. Portico. doi:10.1111/j.1540-6261.2006.00828.x.
AbstractWe examine the effect of securities laws on stock market development in 49 countries. We find almost no evidence that public enforcement benefits stock markets, and strong evidence that laws facilitating private enforcement through disclosure and liability rules benefit stock markets.
Citable link to this pagehttp://nrs.harvard.edu/urn-3:HUL.InstRepos:27867135
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