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Efficient Markets and the Law: A Predictable Past and an Uncertain Future
Hu, Henry T.C. - In: Annual Review of Financial Economics 4 (2012) 1, pp. 179-214
This article analyzes the manifold situations in which the efficient-market hypothesis (EMH) has influenced—or has failed to influence—federal securities regulation and state corporate law, and the prospective roles for the EMH in these contexts. In federal securities regulation, the EMH has...
Persistent link: https://www.econbiz.de/10010603964
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Financial Contracting: A Survey of Empirical Research and Future Directions
Roberts, Michael R.; Sufi, Amir - In: Annual Review of Financial Economics 1 (2009) 1, pp. 207-226
, and interactions between financial contracts and other governance mechanisms. We also discuss directions for future …, payout policy, and corporate governance. …
Persistent link: https://www.econbiz.de/10008777005