tailieunhanh - Review of Accounting and Finance Volume 8

Society relies on well-functioning capital markets to promote economic progress in businesses and households. To that goal, academics argue that capital markets should provide for price discovery and liquidity, where the best way to find out what an asset is worth is to attempt to sell it. As long as there are a large number of market participants, bidding among them leads to price discovery, and an asset is sold quickly resulting in liquidity. Moreover, in a well functioning market the price should be close to its intrinsic value. But academic assumptions aside, is it not the case that institutional and private investors have the same expectations. | ISSN 1475-7702 Volume 8 Number 2 2009 Review of Accounting and Finance The 1987 market crash 20 years later Guest Editors G. Glenn Baigent and Vincent G. Massaro Review of Accounting and Finance ISSN 1475-7702 Volume 8 Number 2 2009 The 1987 market crash 20 years later Guest Editors G. Glenn Baigent and Vincent G. Massaro Access this journal online 119 Editorial advisory board 120 Introduction the 1987 market crash 20 years later 121 What caused the 1987 stock market crash and lessons for the 2008 crash Ryan McKeon and Jeffry Netter 123 Has the 1987 crash changed the psyche of the stock market The evidence from initial public offerings James Ang and Carol Boyer 138 Capital market developments in the post-October 1987 period a Canadian perspective Laurence Booth and Sean Cleary 155 CONTENTS This journal is a member of and subscribes to the principles of the Committee on Publication Ethics Access this journal electronically The current and past volumes of this journal are available at Find more articles from this journal and search through Emerald s 200 journals at See page following contents for full details of what your access includes CONTENTS continued Revisiting derivative securities and the 1987 market crash lessons for 2009 G. Glenn Baigent and Vincent G. Massaro 176 Fraudulent financial reporting corporate governance and ethics 1987-2007 Lawrence P. Kalbers .