Title: Listed Companies Fraud Punishment and Investor Protection
Abstract: In this paper, we discuss the issue of securities law enforcement and investor protection. Theoretically, strengthening the law enforcement will restrict the action of potential lawbreakers and protect the small investors. However, after the event study of the punishment of the listed companies during 2001-2003 in China, we find that near the announcement day, the A shareholders get negative abnormal returns. Therefore, we present a modification to the securities law in China.
Publication Year: 2005
Publication Date: 2005-01-01
Language: en
Type: article
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Cited By Count: 3
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