The paper provides an overview of the role of mandatory disclosure in financial markets. Focusing mainly on issuer disclosure, we discuss the various goals that academics and policymakers associate to disclosure-based regulatory techniques and the rationales in support of mandatory, as opposed to voluntary, disclosure. We highlight the limits of disclosure as a regulatory technique and the costs - both direct and indirect - it involves. We conclude by addressing a few selected issues that, in our view, are particularly representative of the challenges that today's policymakers face in the area of mandatory disclosure.

Enriques, L., Gilotta, S. (2015). Disclosure and Financial Market Regulation. Oxford : Oxford Un. Press.

Disclosure and Financial Market Regulation

ENRIQUES, LUCA;GILOTTA, SERGIO
2015

Abstract

The paper provides an overview of the role of mandatory disclosure in financial markets. Focusing mainly on issuer disclosure, we discuss the various goals that academics and policymakers associate to disclosure-based regulatory techniques and the rationales in support of mandatory, as opposed to voluntary, disclosure. We highlight the limits of disclosure as a regulatory technique and the costs - both direct and indirect - it involves. We conclude by addressing a few selected issues that, in our view, are particularly representative of the challenges that today's policymakers face in the area of mandatory disclosure.
2015
The Oxford Handbook of Financial Regulation
511
536
Enriques, L., Gilotta, S. (2015). Disclosure and Financial Market Regulation. Oxford : Oxford Un. Press.
Enriques, Luca; Gilotta, Sergio
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11585/393806
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