Equal information access...at a cost

Richard Frogley

No 375207, Competition & Regulation Times from New Zealand Institute for the Study of Competition and Regulation

Abstract: The New Zealand Exchange (NZX) recently required listed firms to disclose immediately any information that may affect their share price. The provision of more equal access to information should be fairer, preventing a small group of privileged investors from profiting at the expense of others. But - as ISCR's Richard Frogley points out - recent research in the United States suggests that this benefit comes at a significant cost.

Date: 2005-03-01
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Persistent link: https://EconPapers.repec.org/RePEc:vuw:vuwcrt:375207

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