Do investors value high levels of regulation?
It is often taken as axiomatic that investors prefer high levels of regulation. Yet companies have increasingly chosen to list on stock exchanges with lower regulatory requirements. In this paper we analyse whether investors value high regulatory standards for quoted companies. We use the unusual...
| Автори: | , |
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| Формат: | Working paper |
| Опубліковано: |
University of Oxford
2008
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