What Works in Securities Laws?

Rafael La Porta, Florencio Lopez-de-Silanes () and Andrei Shleifer

Scholarly Articles from Harvard University Department of Economics

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.

Date: 2006
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Citations: View citations in EconPapers (851)

Published in The Journal of Finance

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http://dash.harvard.edu/bitstream/handle/1/27867135/w9882.pdf (application/pdf)

Related works:
Journal Article: What Works in Securities Laws? (2006)
Working Paper: What Works in Securities Law? (2003)
Working Paper: What Works in Securities Laws?
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Persistent link: https://EconPapers.repec.org/RePEc:hrv:faseco:27867135

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