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Law and Stock Market Development in the UK over Time: An Uneasy Match

Accepted version
Peer-reviewed

Type

Article

Change log

Authors

Cheffins, Brian R 

Abstract

Britain has a reputation for having a stock market-oriented corporate economy and there is an extensive literature maintaining that laws affording substantial protection to outside investors are needed for a thriving stock market. Historically, however, UK equity markets have not always flourished and, when they have, law’s contribution has been open to question. This article considers the uneasy match between law and Britain’s stock market development from when shares first began to trade publicly through to the present day, offering in so doing insights into the relationship between law and equity markets and current reforms intended to revive a flagging UK stock exchange.

Description

Keywords

48 Law and Legal Studies, 16 Peace, Justice and Strong Institutions

Journal Title

Oxford Journal of Legal Studies

Conference Name

Journal ISSN

0143-6503
1464-3820

Volume Title

Publisher

Oxford University Press (OUP)
Sponsorship
No funding

Version History

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2023-08-24 08:02:55
Published version added
1*
2023-07-14 23:30:52
* Selected version