A survey of securities laws and enforcement / Florencio Lopez-de-Silanes.
Material type:
TextSeries: Policy research working papers ; no. 3405Publication details: Washington, D. C : World Bank, 2004.Description: 46p ; 27 cmSubject(s):
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Main Campus Library | University of Eastern Africa, Baraton | Spc HG 3881.5 .W57 no. 3405 (Browse shelf(Opens below)) | Available | 60191 |
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| Spc HG 3881.5 .W57 no. 3402 Phasing out polluting motorcycles in Bangkok : | Spc HG 3881.5 .W57 no.3403 What happens when a country does not adjust to terms of trade shocks? The case of oil-rich Gabon / | Spc HG 3881.5 .W57 no. 3404 The corporate governance of banks : | Spc HG 3881.5 .W57 no. 3405 A survey of securities laws and enforcement / | Spc HG 3881.5 .W57 no. 3406 Special issues relating to corporate governance and family control / | Spc HG 3881.5 .W57 no.3407 State ownership : | Spc HG 3881.5 .W57 no. 3412 Export variety and country productivity / |
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"Lopez-de-Silanes examines the theoretical and empirical literature pertaining to securities laws and their enforcement by regulators and courts to establish what is known and what is yet unclear. Recent empirical research in the field has established that laws matters. Mandatory disclosure requirements, insider trading laws, safeguards against self-dealing transactions, adequate regulatory powers, and simple laws that are easily enforced aid in the development of capital markets. The debate is now focused on identifying which components of securities laws matter most and on what the optimal regulatory framework for each country should be. Although public enforcement of securities laws is important, the author finds that the largest impact comes from asepcts of the law that facilitate private enforcement. This means that the development of capital markets depends crucially on c
Includes bibliographical references.
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