Regulatory Certification, Risk Factor Disclosure, and Investor Behavior

Abstract This article examines the question: Does regulatory approval of prospectuses act as a “certification” of securities offerings? Rational investors should generally ignore prospectus approval due to its being uninformative regarding either the quality of, or motives for, the underlying offeri...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Review of Finance 2020-09, Vol.24 (5), p.1079-1106
Hauptverfasser:	Cox, Ruben, de Goeij, Peter
Format:	Artikel
Sprache:	eng
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!