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Full-Text Articles in Law
The Bankruptcy Of The Securities Market Paradigm, Stephen P. Wink
The Bankruptcy Of The Securities Market Paradigm, Stephen P. Wink
Stephen P Wink
The current paradigm of securities market regulation in the United States rests on the Efficient Market Hypothesis, a theory that has been largely discredited by modern economics and behavioral finance. The Efficient Market Hypothesis assumes that the price of securities in the market accurately incorporates and reflects all available material information. Building on this notion, regulators have assumed that better information leads to healthier markets—and therefore regulation that enhances disclosure and transparency leads to healthier markets. Over time, this reasoning has elevated these tools, disclosure and transparency, to ends in themselves, despite the flaws in the Efficient Market Hypothesis. Although …
The Unintended Disenfranchisement Of Shareholders, Stephen P. Wink
The Unintended Disenfranchisement Of Shareholders, Stephen P. Wink
Stephen P Wink
No abstract provided.
Activist Investing: A Fresh Look At Takeovers, Stephen P. Wink
Activist Investing: A Fresh Look At Takeovers, Stephen P. Wink
Stephen P Wink
No abstract provided.
Free Speech, Private Offerings Regs: Focus On Purchaser, Stephen P. Wink
Free Speech, Private Offerings Regs: Focus On Purchaser, Stephen P. Wink
Stephen P Wink
No abstract provided.