The DOI matches its Crossref record; 54 of the 54 references it cites were found in a registry or an index.
The Future of Securities Regulation
Open accessAbstract
The U.S. system of securities law was designed more than 70 years ago to regain investors' trust after a major financial crisis. Today we face a similar problem. But while in the 1930s the prevailing perception was that investors had been defrauded by offerings of dubious quality securities, in the new millennium, investors' perception is that they have been defrauded by managers who are not accountable to anyone. For this reason, I propose a series of reforms that center around corporate governance, while shifting the focus from the protection of unsophisticated investors in the purchasing of new securities issues to the investment in mutual funds, pension funds, and other forms of asset management.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
Separation of Ownership and Control
Fama, E. F., & Jensen, M. C. (1983) · The Journal of Law and Economics · doi:10.1086/467037 · Cited by 19,058
Coase, R. H. (1960) · The Journal of Law and Economics · doi:10.1086/466560 · Cited by 18,255
The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration
Grossman, S. J., & Hart, O. D. (1986) · Journal of Political Economy · doi:10.1086/261404 · Cited by 9,352
Agency Problems and Residual Claims
Fama, E. F., & Jensen, M. C. (1983) · The Journal of Law and Economics · doi:10.1086/467038 · Cited by 4,827
Kiyotaki, N., & Moore, J. (1997) · Journal of Political Economy · doi:10.1086/262072 · Cited by 4,694
Verrecchia, R. E. (1983) · Journal of Accounting and Economics · doi:10.1016/0165-4101(83)90011-3 · Cited by 3,481
Costly Search and Mutual Fund Flows
Sirri, E. R., & Tufano, P. (1998) · The Journal of Finance · doi:10.1111/0022-1082.00066 · Cited by 3,200
The Influence of Institutional Investors on Myopic R&D Investment BehaviorPreprint
Bushee, B. J. (1998) · SSRN Electronic Journal · Cited by 3,198
Liquidation Values and Debt Capacity: A Market Equilibrium Approach
SHLEIFER, A., & VISHNY, R. W. (1992) · The Journal of Finance · doi:10.1111/j.1540-6261.1992.tb04661.x · Cited by 2,893
The Power of Suggestion: Inertia in 401(k) Participation and Savings Behavior
Madrian, B. C., & Shea, D. F. (2001) · The Quarterly Journal of Economics · doi:10.1162/003355301753265543 · Cited by 2,727
Cited by
LEUZ, C., & WYSOCKI, P. D. (2016) · Journal of Accounting Research · doi:10.1111/1475-679x.12115 · Cited by 1,760
Different approaches to corporate reporting regulation: How jurisdictions differ and why
Leuz, C. (2010) · Accounting and Business Research · doi:10.1080/00014788.2010.9663398 · Cited by 425
Companies Should Maximize Shareholder Welfare Not Market Value
Hart, O., & Zingales, L. (2017) · SSRN Electronic Journal · doi:10.2139/ssrn.3004794 · Cited by 389
Self-citationMandated Financial Reporting and Corporate Innovation
Breuer, M., Leuz, C., & Vanhaverbeke, S. (2019) · SSRN Electronic Journal · doi:10.2139/ssrn.3449813 · Cited by 27
Metadata
- Authors
- ZINGALES, L.
- Venue
- Journal of Accounting Research
- Publisher
- Wiley
- Published
- 2009-03-11
- Volume
- 47
- Issue
- 2
- Pages
- 391-425
- ISSN
- 0021-8456 (ISSN-L)
- 1475-679X
- OpenAlex
- W3122517496
- Cited by
- 312
- References
- 54
- FWCI
- 183.06
- Type
- journal article
- Language
- en
- Open access
- green
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: The Future of Securities Regulation. https://app.cochat.ai/papers/10.1111/j.1475-679x.2009.00331.x
- The paper
- ZINGALES, L. (2009). The Future of Securities Regulation. Journal of Accounting Research. https://doi.org/10.1111/j.1475-679x.2009.00331.x
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.