What Works in Securities Law?

Rafael La Porta (), Florencio Lopez-de-Silane and Andrei Shleifer
Authors registered in the RePEc Author Service: Florencio Lopez-de-Silanes ()

No 9882, NBER Working Papers from National Bureau of Economic Research, Inc

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.

JEL-codes: G15 G18 (search for similar items in EconPapers)
Date: 2003-08
Note: CF LE
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Related works:
Journal Article: What Works in Securities Laws? (2006)
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