Ad-hoc disclosure - A law and economics approach

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Focusing on the economic analysis of ad-hoc disclosure duties, the thesis argues for regulatory measures to address information asymmetries between issuers and investors. It emphasizes that issuers should bear the responsibility for disclosure, as they are better positioned to provide accurate information. The paper highlights the need for careful legislation to prevent overwhelming investors with excessive information while ensuring accountability for both issuers and their board members. It also discusses limiting liability to actual damages to protect against abusive claims and facilitate claim processing.