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Journal article

Trust in Financial Markets

Abstract:

This paper examines contemporaneous and historical evidence on the structure of ownership and control of corporate sectors in developed countries to draw lessons for development of financial markets. It records the critical role that equity markets played in the ownership and financing of corporations at the beginning of the 20th century. It notes that this occurred in the absence of formal systems of regulation and that equity markets functioned on the basis of informal relationships of trus...

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Colin Mayer More by this author
Publication date:
2008
URN:
uuid:9820acbf-d90b-4c56-a443-e59cc179ddcc
Local pid:
oai:eureka.sbs.ox.ac.uk:583

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