The debate over the economic rationale for investor protection regulation: a critical appraisal
Journal of Financial Regulation and Compliance
ISSN: 1358-1988
Article publication date: 31 July 2007
Abstract
Purpose
This paper is concerned with the application of economic analysis to law and public policy. Its aim is not to highlight the well‐documented merits of economic analysis but to shed light on some of its flaws and to propose an agenda for future research in the field.
Design/methodology/approach
The paper takes as a case study the debate over the economic rationale for investor protection regulation.
Findings
The paper discusses the main economic arguments for and against regulation and explains why arguments of this type are weaker than commonly thought.
Originality/value
The paper reviews the main arguments for and against the economic rationale for investor protection regulation and identifies the economic reasoning entrenched in the arguments of both sides of the debate, spells out its shortcomings and proposes an agenda for future research.
Keywords
Citation
Georgosouli, A. (2007), "The debate over the economic rationale for investor protection regulation: a critical appraisal", Journal of Financial Regulation and Compliance, Vol. 15 No. 3, pp. 236-249. https://doi.org/10.1108/13581980710762255
Publisher
:Emerald Group Publishing Limited
Copyright © 2007, Emerald Group Publishing Limited