Financial market misconduct and agency conflicts: A synthesis and future directions

Douglas Cumming, Robert Dannhauser and Sofia Johan

Journal of Corporate Finance, 2015, vol. 34, issue C, 150-168

Abstract: This paper reviews recent research on the causes and consequence of different forms of financial market misconduct and potential agency conflicts and the impact of regulating financial market misconduct. We examine regulatory responses to financial market misconduct and highlight the presence of complementarities in financial market misconduct regulation and enforcement. We feature papers that make use of natural experiments, rule changes, and market design changes. Further, the interdisciplinary nature of financial market misconduct research is highlighted, and potential avenues for future research are discussed.

Keywords: Financial market misconduct; Fraud; Insider trading; Regulation; Enforcement; Law and finance (search for similar items in EconPapers)
JEL-codes: G12 G14 G18 K22 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (68)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:corfin:v:34:y:2015:i:c:p:150-168

DOI: 10.1016/j.jcorpfin.2015.07.016

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