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2. Let Stock Exchanges Compete without Price Regulation
- Author:
- Peter J. Wallison
- Publication Date:
- 01-2005
- Content Type:
- Policy Brief
- Institution:
- American Enterprise Institute for Public Policy Research
- Abstract:
- The current proposal from the Securities and Exchange Commission for market structure reform would extend the "trade-through" rule to the Nasdaq market, but instead the rule should be eliminated altogether to promote competition and innovation.
- Topic:
- International Relations, Foreign Policy, Democratization, and Economics
3. Accounting Lags behind a Knowledge Economy
- Author:
- Peter J. Wallison
- Publication Date:
- 03-2004
- Content Type:
- Policy Brief
- Institution:
- American Enterprise Institute for Public Policy Research
- Abstract:
- Some financial analysts worry that high price-earnings ratios reflect unfounded optimism in corporate earnings potential and signal a return to the "bubble" market; however, conventional accounting methods used to determine the value of companies have not kept pace with changes in the U.S. economy and are therefore understating the value of America's most dynamic companies. High price-earnings ratios seem to indicate that investors are wise to that.
- Topic:
- International Relations, Foreign Policy, Democratization, and Economics
- Political Geography:
- United States and America
4. Blame Sarbanes-Oxley
- Author:
- Peter J. Wallison
- Publication Date:
- 09-2003
- Content Type:
- Policy Brief
- Institution:
- American Enterprise Institute for Public Policy Research
- Abstract:
- An array of stimulus factors has failed to generate strong growth in the U.S. economy. That may largely be a consequence of the Sarbanes-Oxley Act and the stock exchange regulations it has spawned, which have altered the composition and dynamics of corporate boards in ways that discourage risk-taking.
- Topic:
- International Relations, Foreign Policy, Democratization, and Economics
- Political Geography:
- United States