What Works in Securities Laws?

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What Works in Securities Laws?

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Title: What Works in Securities Laws?
Author: La Porta, Rafael; Lopez-de-Silanes, Florencio; Shleifer, Andrei

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Citation: La 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.
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Abstract: We 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.
Published Version: doi:10.1111/j.1540-6261.2006.00828.x
Other Sources: http://www.nber.org/papers/w9882
http://scholar.harvard.edu/shleifer/publications/what-works-securities-laws
Terms of Use: This article is made available under the terms and conditions applicable to Other Posted Material, as set forth at http://nrs.harvard.edu/urn-3:HUL.InstRepos:dash.current.terms-of-use#LAA
Citable link to this page: http://nrs.harvard.edu/urn-3:HUL.InstRepos:27867135
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