Engaging and informative, Regulating Competition in Stock Markets skillfully analyzes the impact of the recent global financial crisis on health and happiness, and uses this opportunity to put regulatory systems in perspective.
Happiness is lost because of emotional and physical health deterioration resulting from the crisis. Therefore, the authors conclude that financial crisis prevention should be the focus of public policy. This book is the most comprehensive study so far on potential risks to the stock market, especially various forms of market manipulation that lead to mania and eventual crisis.
Based on litigation cases from international stock markets, and borrowing multidisciplinary findings in the fields of finance, economics, accounting, media studies, criminology, legal studies, psychology, and medicine, this book is the first to provide thorough micro-level regulatory proposals rooted in financial reality.
By focusing on securities trading, they apply antitrust measures to limiting monopolistic power that is used for the manipulation of investors' perception and monopolistic profit. These proposals are quantifiable, adjustable, inexpensive, and can be easily implemented by any securities regulating agency for real-time oversight and daily operations.
Since the founding of the first, organized stock exchange in Amsterdam years ago, no systematic economic research results on stock markets have been implemented in stock market regulation around the world.
Regulating Competition in Stock Markets aims to fill this void. KLEIN is Benjamin Franklin Professor Emeritus of Economics at the University of Pennsylvania and a Nobel laureate in Economics.
He's published widely and is the intellectual father of Project LINK, a global consortium of national economic forecasting established in and coordinated in part by the United Nations Department of Economic and Social Affairs. Klein received a PhD in economics from the Massachusetts Institute of Technology. Viktoria Dalko is a JoAnne Fussa Distinguished Teacher of the Graduate Program in Management, Harvard University Extension School, and a Global Professor of Finance at Hult International Business School in Boston, Dubai, London, San Francisco, and Shanghai.
Dalko received a PhD in economics from the University of Pennsylvania. Wang is cofounder, Vice President, and Director of Research of the Boston-based think tank Research Institute of Comprehensive Economics. Wang obtained a PhD in mechanical engineering from the University of Illinois at Urbana-Champaign. Happiness is lost because Version papier du livre. Regulating Competition in Stock Markets: Antitrust Measures to Promote Fairness and Transparency through Investor Protection and Crisis Prevention.
Klein , Viktoria Dalko , Michael H. A guide to curbing monopoly power in stock markets Engaging and informative, Regulating Competition in Stock Markets skillfully analyzes the impact of the recent global financial crisis on health and happiness, and uses this opportunity to put regulatory systems in perspective.
The recommendations found here are intended to improve the fairness and transparency of the financial markets, thereby perfecting the market competition, protecting investors, stabilizing the market, and preventing crises Explores how avoiding crises can to contribute to a more scientific, health aware, and civilized economic and social development Written by a team of authors who have extensive experience in this dynamic field, including Nobel Laureate Lawrence R.
Klein Since the founding of the first, organized stock exchange in Amsterdam years ago, no systematic economic research results on stock markets have been implemented in stock market regulation around the world. Details of This Research Series. Not an Investment Guide.
The Advantage of Competitive Federalism for Securities Regulation - Roberta Romano - Google Livres
The History of Modeling Health and Financial Crisis. Our Financial CrisisImpact Model. Auditors Frequently Fail to Stop Earnings Manipulation. Proposals to Effectively Regulate Earnings Manipulation. What Is the Purpose of Trading by Corporate Insiders? The Relationship between Earnings Manipulation and Trading by Corporate Insiders. Trading by Corporate Insiders Is an Important Drive for Earnings Manipulation. Insider Trading with Earnings Manipulation Is not Effectively Regulated.
Information Monopoly and Information Asymmetry. Financial Crisis as a Major International Traumatic Event. Can We Just Wait for the Next Financial Crisis? Two Concepts of Happiness. Unhappiness Hopelessness and Depression.
Happiness as Accomplishment Predicts Happiness as Pleasure. Is Perfect Competition Possible in the Stock Market? Concentration Manipulation and Monopoly.
Can Stock Markets Still Be Manipulated? Theoretical Literature on Market Manipulation. We Choose the AccumulationLiftDistribution Scheme to Study. Manipulative Objective of Each Stage of the ALD Scheme.
Disqus - Competition In The New York Stock Market Crash
Are Monopolistic Practices Involved in the ALD Scheme? Antitrust Against ALD Manipulation. Existing Approach and Our Proposal to Regulate Market Manipulation. Benefits of Regulating Concentration. Concluding Remarks and Future Research. How Is Large Price Impact by Other Investors Induced? The SEBI Prosecution Cases. The Manipulation Tactics Used in Price Lifting. Anatomy of an Investors Trades in a Stock During a Trading Day.
Unified Approach to Surveillance and Regulatory Measures. Selling Speed in Distribution and Short Selling. How Important Is Earnings Information to Investors? Earnings Manipulation Is Problematic. How Is Earnings Manipulation Done in Reality?
Earnings Manipulation Is Pervasive. Earnings Manipulation Is Persistent. Proposals to Effectively Regulate Trading by Corporate Insiders. Discussion of the Four Proposed Measures. What Is the Actual Role of SellSide Analysts? How Is the Value of SellSide Analysts Work Defined? Analysts Can Hardly Attend Fairly to Public Interests.
AnalystGenerated Information Benefits the Informed. Value of Analysts Recommendation and Forecast to Issuers. Value of Analysts Work to Investment Banks and Brokerage Firms.
Comparison of SellSide Analysts and Corporate Insiders. Legal Difficulty in Prosecuting Wrongdoing by SellSide Analysts. Discussion of the Regulatory Proposals.
All Types of Market Manipulation Come Down to Perception Manipulation. Anatomy of SEC Market Manipulation Litigation Cases to InformationBased Manipulation Schemes in Practice. InformationBased Manipulation Schemes on the Internet.
Analysis of InformationBased Manipulation. Discussion of Information Monopoly in Reality. A Perspective for Future Research. Information Monopoly and Certain Business News Reporting.
A Prolonged Mania in Stock Buying Leads to a MarketWide Crisis. Some Business News Reporting Is Capable of Moving Stock Prices in the Short Run. Some Business News Reporting Affects Individual Investors in the Long Run. Why Is Business News Reporting Usually UpwardBiased? Proposed Principles to Regulate Relevant Business Journalists and Mass Media9. Empirical Research on the Impact of Some Breaking News on Stock Markets. Regulatory Principles in Case of Breaking News.
Klein, Viktoria Dalko, Michael H. Antitrust Measures to Promote Antitrust Measures to Promote Fairness and Transparency through Investor Protection and Crisis Prevention Lawrence R. Back to the Original Question.