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What works in securities laws?

Опубликовано на портале: 06-11-2008
Journal of Finance. 2006.  Vol. 61. No. 1. P. 1-32 . 
We examine the effect of securities laws on stock market development in 49 countries. We find little evidence that public enforcement benefits stock markets, but strong evidence that laws mandating disclosure and facilitating private enforcement through liability rules benefit stock markets.

Ссылки
http://www.economics.harvard.edu/faculty/shleifer/files/securities_jof.pdf
http://www1.fee.uva.nl/pp/bin/1520fulltext.pdf
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=430596
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