Document Type

Article

Publication Title

Yale Law Journal

Abstract

Investors face a difficult task when they value a particular securities investment. They typically put money into an investment with the expectation of taking out even more money sometime in the future. The core problem for intermediaries is to obtain sufficient and unbiased funding. Money spent by the issuer to increase investor information and improve monitoring redounds to the benefit of all investors. Improved monitoring can lead to more shareholder-oriented management decisions, increasing corporate revenues and profits.

First Page

269

DOI

https://doi.org/10.2307/3657524

Volume

113

Publication Date

2003

Download

Share

COinS