Law And Economics Of Corporate Governance And Insider Trading

Author : Georgios I. Zekos
Publisher : Nova Science Publishers
ISBN 13 : 9781634852821
Total Pages : 0 pages
Book Rating : 4.26/5 ( download)

DOWNLOAD NOW!

Download or read book Law and Economics of Corporate Governance and Insider Trading written by Georgios I. Zekos and published by Nova Science Publishers. This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The regulation of insider trading prohibits insiders from using inside information in securities transactions, and the central goal of the regulator is to preclude non-public information from circulating in the stock markets. The goal of legislation against insider trading is the same as that of legislation against market manipulation, making certain the integrity of EU financial markets and so boosting investor confidence in those markets. Market manipulation and insider trading are interrelated and based on circulation of information, and so cyberspace & e-logistics of information could be the key to neutralising people from taking advantage of their privilege to govern information within a company. Insider trading moves prices because outsiders decode information from the trade itself. Insider trading increases capital costs for the reason that insider trading raises the cost to market-makers in a companys securities relative to other companies, decreasing the anticipated return to uninformed shareholders. Corporate insiders are clearly informed about their own firms. The insiders outperformance derives from either their analytical skill or the handling of superior information about their companies when trading. Insiders benefit from unexpected losses on top of gains and so have a perverse incentive to trigger the company to under-perform if insider trading is permitted. Securities are vital, not only as investment vehicles, but also as devices for corporate control. A peaceful European Revolution should bring forward European nations and the USE/European Federation, which can deal with insider trading, criminal law, and other political/economical components in a harmonious way while avoiding any conflict among the various jurisdictions taking place in the present EU.

Author : Alessio M. Pacces
Publisher : Edward Elgar Publishing
ISBN 13 : 1849807086
Total Pages : 321 pages
Book Rating : 4.81/5 ( download)

DOWNLOAD NOW!

Download or read book The Law and Economics of Corporate Governance written by Alessio M. Pacces and published by Edward Elgar Publishing. This book was released on 2010-01-01 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this timely book, the law and economics of corporate governance is approached from a range of angles. This study reveals that perspectives are changing: they differ between the economic and the legal standpoint; they vary across countries; they evolve over time. A group of leading scholars offer their views some provide fresh empirical evidence on existing theories and others attempt to develop new theoretical insights based on empirical puzzles. They all analyse the economics of corporate governance with a view to how it should, or should not, be regulated. Economic analysis of law proves to be the common language for understanding corporate governance on both sides of the Atlantic. The law and economics approach is applied to topical issues in the international debate, such as the harmonization of company laws; regulatory competition; determinants of separation of ownership and control; enforcement of investor protection; and the political economy of corporate governance.

Author : Jonathan R. Macey
Publisher :
ISBN 13 : 9781785366864
Total Pages : pages
Book Rating : 4.66/5 ( download)

DOWNLOAD NOW!

Download or read book Classics in Corporate Law and Economics written by Jonathan R. Macey and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Merritt B. Fox
Publisher : Columbia University Press
ISBN 13 : 023154393X
Total Pages : 612 pages
Book Rating : 4.34/5 ( download)

DOWNLOAD NOW!

Download or read book The New Stock Market written by Merritt B. Fox and published by Columbia University Press. This book was released on 2019-01-08 with total page 612 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. stock market has been transformed over the last twenty-five years. Once a market in which human beings traded at human speeds, it is now an electronic market pervaded by algorithmic trading, conducted at speeds nearing that of light. High-frequency traders participate in a large portion of all transactions, and a significant minority of all trade occurs on alternative trading systems known as “dark pools.” These developments have been widely criticized, but there is no consensus on the best regulatory response to these dramatic changes. The New Stock Market offers a comprehensive new look at how these markets work, how they fail, and how they should be regulated. Merritt B. Fox, Lawrence R. Glosten, and Gabriel V. Rauterberg describe stock markets’ institutions and regulatory architecture. They draw on the informational paradigm of microstructure economics to highlight the crucial role of information asymmetries and adverse selection in explaining market behavior, while examining a wide variety of developments in market practices and participants. The result is a compelling account of the stock market’s regulatory framework, fundamental institutions, and economic dynamics, combined with an assessment of its various controversies. The New Stock Market covers a wide range of issues including the practices of high-frequency traders, insider trading, manipulation, short selling, broker-dealer practices, and trading venue fees and rebates. The book illuminates both the existing regulatory structure of our equity trading markets and how we can improve it.

Author : Joseph McCahery
Publisher : Edward Elgar Publishing
ISBN 13 : 9781847207289
Total Pages : 0 pages
Book Rating : 4.86/5 ( download)

DOWNLOAD NOW!

Download or read book Corporate Law and Economics written by Joseph McCahery and published by Edward Elgar Publishing. This book was released on 2023-08-28 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 11th volume in the highly acclaimed Encyclopedia of Law and Economics provides a sophisticated summary of law and economics approaches to the most important topics in contemporary corporate law. The work is divided into three thematic parts, namely; corporate governance, securities regulation, and the law and economics of debt financing. The Encyclopedia reviews leading empirical research and provides theoretical methods for a nuanced understanding of the field, including such specific issues as the characteristics of corporations, the role of passive index funds in corporate governance, the board of directors' actions, and core principles such as the business judgement rule. Presenting a synopsis of both the classic and emerging literature across several corporate law sectors, each chapter also offers a detailed bibliography and operates as a springboard and touchstone for further research. Corporate Law and Economics will be an indispensable resource for scholars and students of corporate law as well as for economics, accountancy and management scholars working in the fields of corporate governance and industrial organisation. Key Features: Includes new theoretical tools for thinking about the changing roles of key actors, such as business directors Addresses contemporary topics such as the economics of insider trading to illustrate a complete picture of modern economics Expert contributions and comprehensive literature reviews that will benefit scholars from a variety of law and non-law disciplines such as economics and accounting

Author : Alessio M. Pacces
Publisher : Routledge
ISBN 13 : 0415565197
Total Pages : 492 pages
Book Rating : 4.96/5 ( download)

DOWNLOAD NOW!

Download or read book Rethinking Corporate Governance written by Alessio M. Pacces and published by Routledge. This book was released on 2012 with total page 492 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book takes a comparative law and economics approach to the study of corporate governance. It looks at the overall impact of corporate law on separation of ownership and control across different jurisdictions and in doing so reappraises the existing framework for economic analysis of corporate law.

Author : Hamid Arshadi
Publisher : Springer Science & Business Media
ISBN 13 : 1461532442
Total Pages : 171 pages
Book Rating : 4.46/5 ( download)

DOWNLOAD NOW!

Download or read book The Law and Finance of Corporate Insider Trading: Theory and Evidence written by Hamid Arshadi and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: A thorough analysis of insider trading requires the integration of law and finance, and this book presents a theoretical and empirical examination of insider trading by incorporating a synthesis of securities law with that of financial theory. The book begins with a conceptual framework that explores the theoretical roles of markets, firms and publicly held corporations, including a discussion of corporate governance to determine both who may have access to nonpublic information, and their legal rights and responsibilities. The book then examines different aspects of the securities laws, including the Securities Act of 1933, the Securities Exchange Act of 1934, and a critique of the SEC disclosure rules and their ramifications for market efficiency. This is followed by a detailed chronology of insider trading regulations enacted in the U.S. since 1934 and an overview of the existing empirical literature on insider trading. Empirical evidence is presented on insider trading activities and the merit of anti-insider trading laws is evaluated on theoretical arguments and recent empirical developments. The authors conclude by arguing that insider trading laws and enforcement activities have failed and propose the decriminalization of insider trading.

Author : Stephen M. Bainbridge
Publisher : Oxford University Press
ISBN 13 : 0199921326
Total Pages : 320 pages
Book Rating : 4.24/5 ( download)

DOWNLOAD NOW!

Download or read book Corporate Governance after the Financial Crisis written by Stephen M. Bainbridge and published by Oxford University Press. This book was released on 2012-01-25 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first decade of the new millennium was bookended by two major economic crises. The bursting of the dotcom bubble and the extended bear market of 2000 to 2002 prompted Congress to pass the Sarbanes-Oxley Act, which was directed at core aspects of corporate governance. At the end of the decade came the bursting of the housing bubble, followed by a severe credit crunch, and the worst economic downturn in decades. In response, Congress passed the Dodd-Frank Act, which changed vast swathes of financial regulation. Among these changes were a number of significant corporate governance reforms. Corporate Governance after the Financial Crisis asks two questions about these changes. First, are they a good idea that will improve corporate governance? Second, what do they tell us about the relative merits of the federal government and the states as sources of corporate governance regulation? Traditionally, corporate law was the province of the states. Today, however, the federal government is increasingly engaged in corporate governance regulation. The changes examined in this work provide a series of case studies in which to explore the question of whether federalization will lead to better outcomes. The author analyzes these changes in the context of corporate governance, executive compensation, corporate fraud and disclosure, shareholder activism, corporate democracy, and declining US capital market competitiveness.

Author : Stephen M. Bainbridge
Publisher :
ISBN 13 :
Total Pages : 922 pages
Book Rating : 4.12/5 ( download)

DOWNLOAD NOW!

Download or read book Corporation Law and Economics written by Stephen M. Bainbridge and published by . This book was released on 2002 with total page 922 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporations classes present students with two related problems: First, many students have trouble understanding the cases studied because they do not understand the transactions giving rise to those cases. Second, Corporations classes at many law schools are taught from a law and economics perspective, which many students find unfamiliar and/or daunting. Yet, with few exceptions, corporate law treatises and other study aids have essentially ignored the law and economics revolution. Corporations Law and Economics is intended to remedy these difficulties. The pedagogy is up-to - date, with a strong emphasis on the doctrinal issues taught in today's Corporations classes and, equally important, a mainstream economic analysis of the major issues in the course. As such, the text is coherent and cohesive: It provides students not only with an overview of the course, but also (and more importantly) with a unifying method of thinking about the course. Using a few basic tools of law and economics-price theory, game theory, and the theory of the firm literature-students will come to see corporate law as the proverbial ?seamless web.' Finally, the text is highly readable: The style is simple, direct, and reader- friendly. Even when dealing with complicated economic or financial issues, the text seeks to make those issues readily accessible.

Author : Dirk Heremans
Publisher :
ISBN 13 :
Total Pages : 290 pages
Book Rating : 4.05/5 ( download)

DOWNLOAD NOW!

Download or read book Essays in Law and Economics III written by Dirk Heremans and published by . This book was released on 1996 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: