Managerial quality, financial structure and signalling: A test of pricing efficiency in the UK equity securities market

1983 ◽  
Vol 4 (4) ◽  
pp. 266-277
Author(s):  
J. J. Forker
Keyword(s):  
Financial Structure ◽  
Securities Market ◽  
Pricing Efficiency ◽  
The Uk ◽  
Managerial Quality ◽  
Equity Securities

scholarly journals Fair Disclosure of Inside Information by Listed Companies: A comparative study between the UK and Kuwait

2019 ◽  
Vol 1 (1) ◽  
pp. 13-23
Author(s):  
Abdullah R A S Alshebli
Keyword(s):  
Regulatory Authority ◽  
Equal Opportunity ◽  
Listed Companies ◽  
Developed Countries ◽  
Securities Market ◽  
Individual Investors ◽  
Inside Information ◽  
Fair Disclosure ◽  
Disclosure Rules ◽  
The Uk

In Kuwait, the Capital Markets Act 2010 (the Act) gives the regulatory authority the power to pass disclosure rules. However, the Act does not mention how to improve such disclosure rules. Therefore, this article will be discussed the aspect of protecting individual investors, which involves ensuring fair disclosure by listed companies, because informed investors are protected investors. This article will discuss the idea of having fair disclosure to protect investors to ensure that all investors have equal opportunity to access and know about inside information in an appropriate time and manner. This article also will be examined the existing disclosure rules that apply to equity shares in Kuwait as compared to the UK’s disclosure regimes as examples of developed countries.   Keywords: Disclosure rules, Inside Information, Kuwait securities market.  

A Comparison of Balance Sheet Structures in Major EU Countries

2002 ◽  
Vol 180 ◽  
pp. 83-95 ◽  
Author(s):  
Joseph P. Byrne ◽  
E. Philip Davis
Keyword(s):  
Balance Sheet ◽  
Financial System ◽  
Financial Structure ◽  
European Countries ◽  
Eu Countries ◽  
The Uk

The UK is commonly viewed as having a ‘market oriented’ financial system, in contrast to other European countries which are seen as ‘bank dominated’. In the light of this supposition, we investigate sectoral balance sheet data for evidence of differences in financial structure between the UK and other major EU countries. It is found that the UK has much in common with Continental countries, in particular France, and they are themselves markedly heterogeneous. There is also some evidence of convergence towards a more market-oriented financial system, even in the most bank-dominated economy, Germany.

The Financial Instruments and Exchange Law

Japanese Law ◽  
2021 ◽  
pp. 311-346
Author(s):  
Hiroshi Oda
Keyword(s):  
Economic Growth ◽  
Regulatory System ◽  
Big Bang ◽  
Securities Market ◽  
Corporate Disclosure ◽  
Financial Instruments ◽  
Bubble Economy ◽  
The Uk ◽  
Takeover Bids

Japan adopted the Securities and Exchange Law in 1948, modelled on US law. While the securities market rapidly developed at the time of high economic growth, the regulatory system lagged behind the growth of the market. In the aftermath of the ‘bubble economy’, improvement of the regulatory system was sought. Following the UK ‘Big Bang’, Japan launched its financial ‘Big Bang’ in 1996/1997. There was substantial deregulation in this area. The Securities and Exchange Law was replaced by the Financial Instruments and Exchange Law in 2006. Corporate disclosure system as well as the rules on TOB (takeover bids) have been improved.

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