Research Handbook on the Economics of Corporate Law
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Research Handbook on the Economics of Corporate Law

Edited by Claire A. Hill and Brett H. McDonnell

Comprising essays specially commissioned for the volume, leading scholars who have shaped the field of corporate law and governance explore and critique developments in this vibrant and expanding area and offer possible directions for future research.
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Chapter 24: Market Efficiency After the Fall: Where Do We Stand Following the Financial Crisis?

Ronald J. Gilson and Reinier Kraakman

Extract

24. Market efficiency after the fall: Where do we stand following the financial crisis? Ronald J. Gilson* and Reinier Kraakman The financial crisis created a lot of losers. Investors, from individuals who thought that highly rated asset-backed sec...

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