Financial Market Misconduct and Agency Conflicts: A Synthesis and Future Directions
37 Pages Posted: 19 Jul 2015
Date Written: July 17, 2015
This paper reviews recent research on the causes and consequence of different forms of financial market misconduct and potential agency conflicts and the impact of regulating financial market misconduct. We examine regulatory responses to financial market misconduct and highlight the presence of complementarities in financial market misconduct regulation and enforcement. We feature papers that make use of natural experiments, rule changes, and market design changes. Further, the interdisciplinary nature of financial market misconduct research is highlighted, and potential avenues for future research are discussed.
Keywords: Financial Market Misconduct, Fraud, Insider trading, Regulation, Enforcement, Law and Finance
JEL Classification: G12, G14, G18, K22
Suggested Citation: Suggested Citation