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...

Descripción completa

Detalles Bibliográficos
Autores principales: Jenkinson, T, Ramadorai, T
Formato: Working paper
Publicado: University of Oxford 2008