What Works in Securities Laws?

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

Working Paper from Harvard University OpenScholar

Abstract: 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.

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http://scholar.harvard.edu/shleifer/node/19491

Related works:
Journal Article: What Works in Securities Laws? (2006)
Working Paper: What Works in Securities Laws? (2006)
Working Paper: What Works in Securities Law? (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:qsh:wpaper:19491

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