Selling Hope, Selling Risk

Corporations, Wall Street, and the Dilemmas of Investor Protection

Nonfiction, Reference & Language, Law, Business, Business & Finance, Finance & Investing, Corporate Finance, Investments & Securities
Cover of the book Selling Hope, Selling Risk by Donald C. Langevoort, Oxford University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Donald C. Langevoort ISBN: 9780190225681
Publisher: Oxford University Press Publication: May 6, 2016
Imprint: Oxford University Press Language: English
Author: Donald C. Langevoort
ISBN: 9780190225681
Publisher: Oxford University Press
Publication: May 6, 2016
Imprint: Oxford University Press
Language: English

In the midst of globalization, technological change, and economic anxiety, we have deep doubts about how well the task of investor protection is being performed. In the U.S., the focus is on the Securities & Exchange Commission. Part of the explanation is economic and political: the failure to know the right balance between investor protection and capital formation, and the resulting battle among interest groups over their preferred solutions. In Selling Hope, Selling Risk, author Donald C. Langevoort argues that regulation is also frustrated at nearly every turn by human nature, as exhibited both on the buy-side (investors) and sell-side (corporate executives, bankers, stockbrokers). There is plenty of savvy and guile, but also ample hope, fear, ego, overconfidence, social contagion and the like that persistently filter and distort the messages regulators try to send. This book is the first sustained effort to link the key initiatives of securities regulation with our burgeoning awareness in the social sciences of how people and organizations really behave in economic settings. It examines why corporate fraud occurs and how best to deter it and compensate its victims; the search for an edge via insider trading; the disclosure apparatus and its gatekeepers; sales efforts and manipulation in Ponzi schemes, internet scams, private offerings and crowdfunding; and how this all helps explain the recent global financial crisis. It ends by turning these insights back on the task of regulation itself, and the strategies (and frustrations) of making regulation work in a financial world that is at once increasingly sophisticated yet deeply human and incurably flawed.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

In the midst of globalization, technological change, and economic anxiety, we have deep doubts about how well the task of investor protection is being performed. In the U.S., the focus is on the Securities & Exchange Commission. Part of the explanation is economic and political: the failure to know the right balance between investor protection and capital formation, and the resulting battle among interest groups over their preferred solutions. In Selling Hope, Selling Risk, author Donald C. Langevoort argues that regulation is also frustrated at nearly every turn by human nature, as exhibited both on the buy-side (investors) and sell-side (corporate executives, bankers, stockbrokers). There is plenty of savvy and guile, but also ample hope, fear, ego, overconfidence, social contagion and the like that persistently filter and distort the messages regulators try to send. This book is the first sustained effort to link the key initiatives of securities regulation with our burgeoning awareness in the social sciences of how people and organizations really behave in economic settings. It examines why corporate fraud occurs and how best to deter it and compensate its victims; the search for an edge via insider trading; the disclosure apparatus and its gatekeepers; sales efforts and manipulation in Ponzi schemes, internet scams, private offerings and crowdfunding; and how this all helps explain the recent global financial crisis. It ends by turning these insights back on the task of regulation itself, and the strategies (and frustrations) of making regulation work in a financial world that is at once increasingly sophisticated yet deeply human and incurably flawed.

More books from Oxford University Press

Cover of the book Situational Action Theory: Oxford Bibliographies Online Research Guide by Donald C. Langevoort
Cover of the book Morality Without God? by Donald C. Langevoort
Cover of the book Convent Culture: Oxford Bibliographies Online Research Guide by Donald C. Langevoort
Cover of the book Clinician's Quick Guide to Interpersonal Psychotherapy by Donald C. Langevoort
Cover of the book God? : A Debate between a Christian and an Atheist by Donald C. Langevoort
Cover of the book The Language of Defamation Cases by Donald C. Langevoort
Cover of the book What is a Refugee? by Donald C. Langevoort
Cover of the book The Catholic Church and Argentina's Dirty War by Donald C. Langevoort
Cover of the book Serviani in Vergili Aeneidos libros IX-XII commentarii by Donald C. Langevoort
Cover of the book Handbook of Culture and Memory by Donald C. Langevoort
Cover of the book The Oxford Handbook of the Archaeology and Anthropology of Rock Art by Donald C. Langevoort
Cover of the book Spirit and Power by Donald C. Langevoort
Cover of the book The Oxford Handbook of Evidence-Based Management by Donald C. Langevoort
Cover of the book The Wrong of Injustice by Donald C. Langevoort
Cover of the book Comparative International Law by Donald C. Langevoort
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy