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dc.contributor.authorZingales, Luigien_US
dc.date.accessioned2011-01-28en_US
dc.date.accessioned2011-12-15T11:31:42Z-
dc.date.available2011-12-15T11:31:42Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/53235-
dc.description.abstractThe U.S. system of security law was designed more than 70 years ago to regain investors' trust after a major financial crisis. Today we face a similar problem. But while in the 1930s the prevailing perception was that investors had been defrauded by offerings of dubious quality securities, in the new millennium, investors' perception is that they have been defrauded by managers who are not accountable to anyone. For this reason, I propose a series of reforms that center around corporate governance, while shifting the focus from the protection of unsophisticated investors in the purchasing of new securities issues to the investment in mutual funds, pension funds, and other forms of asset management.en_US
dc.language.isoengen_US
dc.publisherFondazione Eni Enrico Mattei (FEEM) Milanoen_US
dc.relation.ispartofseriesNota di lavoro // Fondazione Eni Enrico Mattei: Institutions and markets 07.2009en_US
dc.subject.jelG2en_US
dc.subject.jelG28en_US
dc.subject.jelG01en_US
dc.subject.ddc330en_US
dc.subject.keywordUS Security Lawen_US
dc.subject.keywordSecurities Regulationen_US
dc.subject.keywordTrusten_US
dc.titleThe future of securities regulationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn644835540en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:FEEM Working Papers, Fondazione Eni Enrico Mattei

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