1. Mandatory Disclosure, Asymmetric Information and Liquidity: The Impact of the 1934 Act;Robert Daines;AFA 2006 Boston Meetings Paper,2005
2. On the other hand, Bushee and Leuz found that the further extension of the disclosure requirements in 1999 to OTC Bulletin Board companies that had been exempted from the 1964 legislation led to most of those companies moving to other markets rather than comply with the requirements and that the companies that remained experienced significant negative abnormal returns;Alan Ferrell;Mandated Disclosure and Stock Returns: Evidence from the Over-the-Counter Market,2003
3. Research in other areas has found similar evidence that market-based oversight can be effective;W Kip Viscusi;RISK BY CHOICE REGULATING HEALTH AND SAFETY IN THE WORKPLACE,1983