Background paper for a presentation to the Seattle University School of Law Berle IV Symposiun, “The Future of Financial/Securities Markets,” London June 14-15, 2012.
The research in this paper has been funded by the Ford Foundation project on Financial Institutions for Innovation and Development, the INET project on the Stock Market and Innovative Enterprise, the European Commission project on Finance, Innovation, and Growth, and the Connect Innovation Institute project on Innovation and Production: Reviving U.S. Prosperity. Mustafa Erdem Sakinç, has coordinated the development and maintenance of the stock-buyback database, and Dongxu Li, Qiaoling Ma, Xiahui Xia, and Yue Zhang have provided research assistance
