Regulatory disclosure via the internet : does it make financial markets more efficient?

Detalhes bibliográficos
Autor(a) principal: Duque, João
Data de Publicação: 2008
Outros Autores: Pinto, Inês
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/24984
Resumo: In line with the regulatory framework of the majority of the European capital markets, the Portuguese Securities Market Commission imposes to security issuers the disclosure of any event that could influence share prices in a material way. These events are classified as “Price Sensitive Events”. Through the analysis of market reaction to this kind of event, this study attempts to assess the appropriateness of this disclosure rule. Additionally, since the regulator defines its website as the appropriate manner to disseminate this publishable information through the market, we will also be providing evidence about the efficiency of this system.
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spelling Regulatory disclosure via the internet : does it make financial markets more efficient?Price Sensitive EventsFinancial RegulationSecurities Market CommissionInternetIn line with the regulatory framework of the majority of the European capital markets, the Portuguese Securities Market Commission imposes to security issuers the disclosure of any event that could influence share prices in a material way. These events are classified as “Price Sensitive Events”. Through the analysis of market reaction to this kind of event, this study attempts to assess the appropriateness of this disclosure rule. Additionally, since the regulator defines its website as the appropriate manner to disseminate this publishable information through the market, we will also be providing evidence about the efficiency of this system.Springer ScienceRepositório da Universidade de LisboaDuque, JoãoPinto, Inês2022-07-26T10:33:28Z20082008-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/24984engDuque, João and Inês Pinto. (2007). “Regulatory disclosure via the internet: does it make financial markets more efficient?”. Journal of Regulatory Economics Vol. 33, pp. 5-19DOI 10.1007/s11149-007-9043-yinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:54:37Zoai:www.repository.utl.pt:10400.5/24984Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:08:57.012780Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Regulatory disclosure via the internet : does it make financial markets more efficient?
title Regulatory disclosure via the internet : does it make financial markets more efficient?
spellingShingle Regulatory disclosure via the internet : does it make financial markets more efficient?
Duque, João
Price Sensitive Events
Financial Regulation
Securities Market Commission
Internet
title_short Regulatory disclosure via the internet : does it make financial markets more efficient?
title_full Regulatory disclosure via the internet : does it make financial markets more efficient?
title_fullStr Regulatory disclosure via the internet : does it make financial markets more efficient?
title_full_unstemmed Regulatory disclosure via the internet : does it make financial markets more efficient?
title_sort Regulatory disclosure via the internet : does it make financial markets more efficient?
author Duque, João
author_facet Duque, João
Pinto, Inês
author_role author
author2 Pinto, Inês
author2_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Duque, João
Pinto, Inês
dc.subject.por.fl_str_mv Price Sensitive Events
Financial Regulation
Securities Market Commission
Internet
topic Price Sensitive Events
Financial Regulation
Securities Market Commission
Internet
description In line with the regulatory framework of the majority of the European capital markets, the Portuguese Securities Market Commission imposes to security issuers the disclosure of any event that could influence share prices in a material way. These events are classified as “Price Sensitive Events”. Through the analysis of market reaction to this kind of event, this study attempts to assess the appropriateness of this disclosure rule. Additionally, since the regulator defines its website as the appropriate manner to disseminate this publishable information through the market, we will also be providing evidence about the efficiency of this system.
publishDate 2008
dc.date.none.fl_str_mv 2008
2008-01-01T00:00:00Z
2022-07-26T10:33:28Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/24984
url http://hdl.handle.net/10400.5/24984
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Duque, João and Inês Pinto. (2007). “Regulatory disclosure via the internet: does it make financial markets more efficient?”. Journal of Regulatory Economics Vol. 33, pp. 5-19
DOI 10.1007/s11149-007-9043-y
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Springer Science
publisher.none.fl_str_mv Springer Science
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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