Volume 42 | Number 3 Summer 2007
VIII. Conclusion
This article raises a number of issues in respect of disclosure, particularly with the growth of global capital markets. Disclosure is the public policy instrument of choice for most countries for the protection of investors and the efficiency of capital markets. However, with the rapid changes in the number and types of securities offerings, the exponential growth in web-based paperless disclosure, and the international nature of securities trading, there needs to be further exploration of how regulatory structures can adjust to ensure that disclosure requirements continue to foster fair and efficient capital markets.
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Footnotes
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