Table of Contents

Enterprise Law

Enterprise Law

Contracts, Markets, and Laws in the US and Japan

Edited by Zenichi Shishido

Enterprise law represents the entire range of private contracts and public regulations governing the relationship of different capital providers. Enterprise Law comparatively analyses the way these fundamental legal frameworks complement each other in the United States and Japan.

Chapter 18: Public enforcement: an update of the literature on resource-based evidence

Howell E. Jackson

Subjects: asian studies, asian law, law - academic, asian law, company and insolvency law, corporate law and governance


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.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information