Regulating the financial analysis industry : Is the European Directive effective ?

M. Dubois (1) , Pascal Dumontier (2)

1 Institut d'analyse financière
2 CERAG - Centre d'études et de recherches appliquées à la gestion

In the recent years, the US and the EC have witnessed the adoption of new regulations focused on financial analysts. This study investigates whether the European regulations, known as the Market Abuse Directive (MAD) changed the distribution of recommendations and increased their credibility...

Mots clés: financial analysts; conflicts of interest; recommendations; Market Abuse Directive; European Union

Domaines: Gestion et management

M. Dubois, Pascal Dumontier. Regulating the financial analysis industry : Is the European Directive effective ?. 2009, 59p. ⟨halshs-00533084⟩