224 Pages
by
Gower
224 Pages
by
Gower
Also available as eBook on:
The recent turbulence in the stock market has brought into question the way, and prices at which, shares are traded, and how the market effectively values companies. It has also raised public concern as to the way by which dealers and investors take advantage of changes in market prices. A number of high profile criminal prosecutions of insider dealing and market abuse and the frequent claims of... Read more
Introduction; Chapter 1 Why the Stock Market and its Efficiency are so Important; Chapter 2 How Shares are Traded and Valued; Chapter 3 The Efficient Capital Markets Hypothesis; Chapter 4 Market Irrationality: Bubbles, Manias, Panics, and Crashes; Chapter 5 Outperforming the Market: The Case of Mergers and Takeovers; Chapter 6 The Regulation of the Markets; Chapter 7 Market Abuse; Chapter 8 The Role, Use and Abuse of Financial and Accounting Data: Information Asymmetry; Chapter 9 The Way Forward;
Biography
Paul Barnes is Professor of Fraud Risk Management and Director of the International Fraud Prevention Research Centre at Nottingham Business School. He is a Chartered Certified Accountant (although not practising) with degrees in Management Science and History and a Ph.D. in Economics. He has a particular interest in market abuse and insider dealing and has acted as expert witness in a number of high profile criminal cases.
'Professor Barnes’s book has made an important contribution to how we think about stock market efficiency by questioning the ECMH hypothesis and tracing the history of financial bubbles and manias, as well as by providing useful insights regarding how financial bubbles can be caused by market manipulation and other types of market abuse. He also significantly reminds us that insider dealing is not a victimless crime and that it is both a manifestation of inefficient markets and a considerable corporate governance problem for companies. This book will be read with much interest by economists, lawyers and market participants, and provides a framework for how we should think about building a more efficient and fair stock market.' King's Law Journal ’This book is intended to stimulate thought and discussion among its readership of lawyers, businessmen and market professionals ... although specialised in this respect, it did cover essential points...’ Glen Harder, Anti-Fraud Network
