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19 - Reputational Effects of Noncompliance with Financial Market Regulations

from Part II - Deterrence and Incapacitation

Published online by Cambridge University Press:  07 May 2021

By
Douglas Cumming ,
Robert Dannhauser  and
Sofia Johan
Edited by
Benjamin van Rooij  and
D. Daniel Sokol
Benjamin van Rooij
Affiliation:
School of Law, University of Amsterdam
D. Daniel Sokol
Affiliation:
University of Florida
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Summary

Abstract: This chapter reviews recent research on the reputational consequences of different forms of financial market misconduct and potential agency conflicts and the impact of regulating financial market misconduct. We examine regulatory responses to financial market misconduct and highlight the presence of complementarities in financial market misconduct regulation and enforcement. We feature papers that make use of natural experiments, rule changes, and market design changes. Further, the interdisciplinary nature of financial market misconduct research is highlighted, and potential avenues for future research are discussed.

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Chapter
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The Cambridge Handbook of Compliance , pp. 245 - 276
Publisher: Cambridge University Press
Print publication year: 2021

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