Stock Market, Corporations and their Regulation: A Few Glimpses into Reality

CLPE Research Paper No. 2/2008

The ICFAI Journal of Behavioral Finance, Vol. 5, No. 1, pp. 28-79, March 2008

84 Pages Posted: 27 Apr 2010 Last revised: 29 Oct 2014

See all articles by P. M. Vasudev

P. M. Vasudev

University of Ottawa - Common Law Section

Date Written: January 24, 2008

Abstract

The paper examines events in three public companies - Enron Corp., Sycamore Networks and Amazon.com, from the perspective of corporate law and securities law. The events are interpreted in terms of the applicable law, and explain how it influences them. In particular, the paper demonstrates how the prevailing loose legal regime for corporations and the stock market-centricity of corporate arrangements give rise to specific varieties of negative behaviour. The paper adopts a critical approach, and is an effort to describe the consequences of the minimalist philosophy underlying corporate and securities regulation.

Keywords: corporations, corporate governance, stock market, securities law, corporate law, corporate behaviour, informational regime, corporate disclosures, efficient markets hypothesis

JEL Classification: K22, K29, L20

Suggested Citation

Vasudev, P. M., Stock Market, Corporations and their Regulation: A Few Glimpses into Reality (January 24, 2008). CLPE Research Paper No. 2/2008, The ICFAI Journal of Behavioral Finance, Vol. 5, No. 1, pp. 28-79, March 2008, Available at SSRN: https://ssrn.com/abstract=1012938

P. M. Vasudev (Contact Author)

University of Ottawa - Common Law Section ( email )

57 Louis Pasteur Street
Ottawa, K1N 6N5
Canada
613-562-5800 (Phone)
613-562-5124 (Fax)

HOME PAGE: http://commonlaw.uottawa.ca/en/people/vasudev-pm

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