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Has the continuous disclosure regime had an impact on corporate behaviour?

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  • Gerry Gallery

Abstract

The increasingly integrated global economy and the recent spate of corporate scandals have led to renewed interest in the identification and adoption of best-practice capital market governance. New Zealand is no exception - and, in an attempt to raise the integrity and confidence in the country's capital market, the government introduced statutory sanctions to support the New Zealand Stock Exchange's (NZX's) continuous-disclosure listing rules. But have the sanctions made a difference? Gerry Gallery, one of the authors of a recent study on this, says yes - and no.

Suggested Citation

  • Gerry Gallery, 2006. "Has the continuous disclosure regime had an impact on corporate behaviour?," Competition & Regulation Times 375604, New Zealand Institute for the Study of Competition and Regulation.
    • Handle: RePEc:vuw:vuwcrt:375604
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    File URL: https://ojs.victoria.ac.nz/crt/article/view/3756
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