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Has the continuous disclosure regime had an impact on corporate behaviour?

Gerry Gallery

No 375604, Competition & Regulation Times from New Zealand Institute for the Study of Competition and Regulation

Abstract: The increasingly integrated global economy and the recent spate of corporate scandals have led to renewed interest in the identification and adoption of best-practice capital market governance. New Zealand is no exception - and, in an attempt to raise the integrity and confidence in the country's capital market, the government introduced statutory sanctions to support the New Zealand Stock Exchange's (NZX's) continuous-disclosure listing rules. But have the sanctions made a difference? Gerry Gallery, one of the authors of a recent study on this, says yes - and no.

Date: 2006-07-01
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