Recent developments in liability for nondisclosure of capital market information

被引：2
|
作者：
Kalss, Susanne [1 ]
机构：
[1] Vienna Univ Econ, A-1090 Vienna, Austria
来源：
INTERNATIONAL REVIEW OF LAW AND ECONOMICS | 2007年 / 27卷 / 01期
关键词：
capital market; disclosure; asymmetric information; information duties; liability for breach of disclosure duties;
D O I：
10.1016/j.irle.2007.04.005
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The article first outlines the recent development of the European capital market as a whole and second describes the legal answers on the phenomena of globalisation and the high dependence on information technology. After revealing the two main phenomena of the capital market, namely asymmetric information and opportunistic behaviour the article deals with disclosure duties on the European andnational level of EU-member states andfocuses finally on the liability fornon-disclosure and tries to embed this legal institute in the broad range of legal instruments to strengthen the efficiency of capital market law. (c) 2007 Published by Elsevier Inc.
引用
收藏
页码：70 / 95
页数：26
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