Jackson, Howell E. --- "Public enforcement: an update of the literature on resource-based evidence" [2014] ELECD 594; in Shishido, Zenichi (ed), "Enterprise Law" (Edward Elgar Publishing, 2014) 317

Book Title: Enterprise Law

Editor(s): Shishido, Zenichi

Publisher: Edward Elgar Publishing

ISBN (hard cover): 9781781004449

Section: Chapter 18

Section Title: Public enforcement: an update of the literature on resource-based evidence

Author(s): Jackson, Howell E.

Number of pages: 25

Abstract/Description:

Several years ago, my colleague Mark Roe and I undertook an empirical study of the relationship between public enforcement and the development of robust capital markets. Our paper was written in response to earlier work suggesting that private enforcement as opposed to public enforcement was the critical determinant of healthy capital markets. While we were sympathetic to the view that private enforcement could make important contributions to the depth and efficiency of securities markets, we also believed that public enforcement had a major role to play and was, in many respects, a necessary complement to and perhaps even a prerequisite of effective private enforcement.