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|a 2016019748
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|a 9780190225698 (electronic bk.)
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|a 332.63/20973
|2 23
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|3 Bib#:
|a 2379740
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|a Langevoort, Donald C.,
|e author.
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|a Selling hope, selling risk :
|b corporations, Wall Street, and the dilemmas of investor protection /
|c Donald C. Langevoort.
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|a 1606
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|a New York :
|b Oxford University Press,
|c [2016]
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| 300 |
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|a 1 online resource (xi, 212 pages)
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| 336 |
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|a text
|b txt
|2 rdacontent
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|a computer
|b n
|2 rdamedia
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|a online resource
|b nc
|2 rdacarrier
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| 520 |
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|a " 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. "--
|c Provided by publisher.
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| 520 |
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|a "An examination of the efficacy of investor protection regulations"--
|c Provided by publisher.
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| 504 |
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|a Includes bibliographical references and index.
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0 |
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|a Cover; Selling Hope, Selling Risk; Copyright; Dedication; Contents; Acknowledgments; Introduction; 1. Myths and Skepticism; The Human Dimension of Investing; Investor Diversity; Why Regulate?; The Imaginary World of No Regulation; Human Behavior and the Lemons Problem; Publicness; Disclosure; Efficient Markets; Algorithms; (Over)confidence; Deception, ;Deception, and Honesty; Regulatory Boundaries; The Federal Government and the States; 2. Making Sense of Corporate Fraud; What Motivates Corporate Fraud?; Cognitive Distortions and Slippery Slopes; Scandals and Loss Aversion
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| 505 |
8 |
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|a Confidence, Risk;Taking, and the Pathways to PowerStrong Beliefs and Distorted Perceptions; Testosterone and Risky Behavior; Culture and Fraud; Sue the Bastards; The Awareness Conundrum; Enron in the Courtroom; Filtration and Deterrence; Detection and Enforcement; The SEC's Enforcement Record; Madoff; The SEC as Robo;Cop; Fraud; Market Class Actions; The Class Action Debate; Who's Hurt and Why?; The Dilemma of Compensation; Deterrence;Truths, Puffery, and Protective Disclosure; The Discourse of Disclosure; Puffery; Bespeaking Caution; 3. The Insider's Edge
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| 505 |
8 |
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|a Deception and HarmInsiders, Thieves, and Knaves; Tips; Hedge Funds; Inside the Insider's Brain; Fair Disclosure and the Race for Speed; The Political Economy of Insider Trading Regulation; 4. The Partial Disinfectant of Sunlight; The Partiality of "Full Disclosure"; Directors, Lawyers, and Disclosure; Auditors; Psychologists' Warnings; Reform; Internal Surveillance; Internal Controls:;From Watergate to Enron; See All, Know All?; Whistle;Blowers; Analysts;Credibility, Bias, and Opportunism; Spitzer's Crusade; Reform; Sunlight, Executive Pay, and Short;Termism; Self;Dealing; Executive Pay
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| 505 |
8 |
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|a Short;TermismShareholder Activism; Social Responsibility; Going (or Staying) Dark; 5. Selling and Swindling; Internet Frauds and Ponzi Schemes; New Age Scams; Ponzi Schemes; Boiler Rooms; The IPO Lottery; Hyping the Aftermarket; JOBS Act Reform; "Private" Investments; Fending for Themselves; The JOBS Act; Crowdfunding; Wisdom or Madness?; Investor Behavior and Mutual Funds; Wasted Money?; Money Doctors; Retirement Accounts; The Soul of the Salesman; 6. Lessons from the Financial Crisis; A Short History of the Financial Crisis; Blame; Banker Opportunism; Moral Hazard; Cognitive Illusion
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| 505 |
8 |
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|a Beyond ComprehensionCombining the Explanations; Dance Contest; Dancing and Desire; Competitive Arousal; Information Deficits; Pleasing Investors; Gallows?; The Culture of Investment Banking; God's Work; The Lure of Innovation, Yet Again; Lehman Sisters; Conclusion; Chasing the Greased Pig; Notes; Bibliography; Index
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| 650 |
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|a Investments.
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| 650 |
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|a Investments
|x Law and legislation.
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| 650 |
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|a Corporations
|x Finance.
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| 776 |
0 |
8 |
|i Print version:
|a Langevoort, Donald C.
|t Selling hope, selling risk.
|d New York : Oxford University Press, [2016]
|z 9780190225667
|w (DLC) 2016008328
|w (OCoLC)938989785
|
| 856 |
4 |
0 |
|u https://go.openathens.net/redirector/canterbury.ac.nz?url=http://dx.doi.org/10.1093/acprof:oso/9780190225667.001.0001
|y Connect to electronic resource
|t 0
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|a 25102016
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|b DO NOT SET
|c Automatic
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|a 2016-10-17
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|a Created by fiwi, 17/10/2016. Updated by glwo, 25/10/2016.
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|i 353b6ef6-12d1-5b40-82b3-0ebbc6669fe1
|s 4ab3d771-1708-5c0f-ae8d-20c6158560aa
|t 0
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