Regulating Risky Business
Dilemmas in Security Regulation
Datos Bibliográficos
| ID | 6090147 |
|---|---|
| Autores | Nancy Reichman, Nancy E Reichman (0000-0001-7285-1515, University of Denver, autor de correspondencia) |
| Año | 1991 |
| Volumen | 13 |
| Número | 4 |
| Páginas | 263-295 |
| Fecha de publicación | 1991-10-01 |
| Peer Reviewed | Sí |
| Open Access | Sí |
| Tipo | ARTICLE |
| Revista | Law & Policy (JOURNAL) |
| Identificadores de la revista | ISSN: 0265-8240 • E-ISSN: 1467-9930 |
| Editorial | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1467-9930.1991.tb00071.x |
| OpenAlex | W1972938898 |
| Idioma | EN |
| Citas recibidas | 8 |
| Referencias citadas | 45 |
This paper examines the dilemma of regulating the complex and highly differentiated stock market. I argue that regulations, with legitimacy needs for status neutrality, serve mostly to protect investors with limited capacity for managing risk on their own. In competitive markets, players with greater capacity for risk management (e.g., access to market intelligence, sizeable reserves to cushion losses and enhanced technologies for risk assessment) seek out new arrangements for managing risk. These new privatized forms of risk management interact with the markets and market regulation in ways that undermine the regulatory program for those who depend on it most. I illustrate this form of regulatory bias by examining events surrounding Black Monday, the stock market crash of October 1987
Business · Dilemma · Economics · Industrial organization · Legitimacy · Market manipulation · Risk management · Stock market · Global Financial Regulation and Crises · Insurance and Financial Risk Management · Law · Regulation and Compliance Studies · Finance
Self-regulation in the Canadian securities industry
Insider trading
The State and White-Collar Crime
Crypto Fever
Out of Place and Out of Line
The Problem That Is Global Warming
Ozone Partnerships, the Construction of Regulatory Communities, and the Future of Global Regulatory Power
Envisioning financial disorder
Reactive Risk and Rational Action
Enforced Self-Regulation
How Fair Is Safe Enough? The Cultural Approach to Societal Technology Choice 1
Trust
The Social Amplification of Risk
Risk and Culture
Economic Action and Social Structure
Moving the Goalposts
The Coming Meltdown of Traditional Capitalism
Going by the Book, the Problem of Regulatory Unreasonableness
Finance Capital. A Study of the Latest Phase of Capitalist Development
Structural Bias in Regulatory Law Enforcement
Max Weber. An Intellectual Portrait
The Stock Market of 1929 Revisited
Government and Business
Redundant Regulation
The Institutionalization of Risk
Private Ordering, Self‐Regulation and Futures Markets
Regulating Risk
Non-Contractual Relations in Business
The Social Fabric at Risk
Cooperation, Deterrence, and the Ecology of Regulatory Enforcement
Why the "Haves" Come Out Ahead
The Logic of Collective Action
The Origins of Federal Securities Regulation
The Demise of the Occupational Safety and Health Administration
The Social Control of Impersonal Trust
The Social Structure of a National Securities Market
| Obras citantes distintas | 8 |
|---|---|
| Citas por año | 0,24 |
| Intervalo de citas | 1993 - 2025 (33) |
| Velocidad de citación | recent |
| Altamente citado | No |
| Tipos de cita | Neutras: 8 |