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Ad-Hoc Disclosure - A Law and Economics Approach by Veronika Fischer - Paperback
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    Specifications

    Category Type
    Law
    ISBN
    9783640368709
    Languages
    English
    Item EAN
    2724437005572
    People
    Author
    Veronika Fischer
    Category Type
    Law
    ISBN
    9783640368709
    Languages
    English
    Item EAN
    2724437005572
    People
    Author
    Veronika Fischer
    People
    Publisher
    Grin Verlag Gmbh
    Technical Information
    Binding
    Paperback
    Languages and countries
    Book Language
    English
    Read more
  •  

    Description:

    Diploma Thesis from the year 2006 in the subject Law - Comparative Legal Systems, Comparative Law, grade: 1,3, University of Augsburg (Prof. Dr. Mollers), course: Diplomarbeit, language: English, comment: Ad-hoc Publizitatspflicht in deutschem und US-amerikanischem Recht, abstract: The economic

    Diploma Thesis from the year 2006 in the subject Law - Comparative Legal Systems, Comparative Law, grade: 1,3, University of Augsburg (Prof. Dr. Mollers), course: Diplomarbeit, language: English, comment: Ad-hoc Publizitatspflicht in deutschem und US-amerikanischem Recht, abstract: The economic analysis of the duty of ad-hoc disclosure and related issues in this paper led to the following conclusions: Due to information asymmetries between issuers and investors, a regula-tion of the rules of disclosure is necessary, which reduces the incentive for individual investors to costly gather information, and transfer this in-formation process onto issuers. The legislator s goal for such reason can be found in the safeguarding of capital market efficiency as to both correct pricing and liquidity (or sufficient investor participation). The duty of ad-hoc disclosure should fully be transferred to the issuer, as it is the cheapest cost avoider and has sufficient own interests to provide correct and timely information. Nevertheless, legislation must avoid that the issuer can be held liable for information as if it was advice by detail-ing which information has to be given in which form. Furthermore, it must be ensured that investors are not flooded with information, but that only a sensible amount of pertinent information as opposed to advertising information is published. For the lesion of this duty of disclosure, not only the issuer as an entity, but as well the board members should be held liable, as this introduces additional incentives for compliance and adds liable capital for possible damaged parties. Nevertheless, both legislator and jurisdiction will have to limit the risk of abusive investor claims, which are likely to occur in such a constellation. If liability for defective ad-hoc disclosure can be established, the awarded damage should be out-of-pocket measure, as it limits liability to the actual amount of damage and does not transfer the risk of an investment i.

    Product Features:
    • Category: Law
    • Binding: Paperback
    • Language of Text: English
    • Author(s): Veronika Fischer
    • Publisher: Grin Verlag Gmbh
    • ISBN: 9783640368709
    • Number of Pages: 92
    • Dimensions: 8.27 x 5.83 x 0.22 inches
 

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