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dc.contributor.authorBärtschi, Harald-
dc.contributor.authorHirschi, Yannick-
dc.date.accessioned2020-02-14T08:56:15Z-
dc.date.available2020-02-14T08:56:15Z-
dc.date.issued2017-
dc.identifier.issn1662-8705de_CH
dc.identifier.urihttps://digitalcollection.zhaw.ch/handle/11475/19431-
dc.description.abstractTrust is an essential element of a capital market. The market participants want to be confident that the other actors behave as expected. Financial market regulation supports the underlying expectations by ensuring transparency, prohibiting market abuses, stipulating various duties and imposing sanctions or liability in the event of breach. The objectives of most regulation, i.e., the protection of investors and the proper functioning of the market, relate to trust either on an individual or a collective level. The legislation should, however, take into account that the perception of investors is adversely affected in a variety of ways, as behavioral finance shows. Not every investor acts like the ideal homo oeconomicus, and overcoming structural information asymmetries among the market participants by imposing additional information duties is not sufficient. The importance of trust will not expire in future capital markets using blockchain technology. Nevertheless, the basis of trust will be modified: Trust in financial institutions, central counterparties and other intermediaries will be replaced to some extent by trust in the technical system. The financial market legislator has to meet the upcoming challenges and to ensure that trust will remain the implied essence of each capital market which functions properly.de_CH
dc.language.isodede_CH
dc.publisherSchulthessde_CH
dc.relation.ispartofSchweizerische Zeitschrift für Wirtschafts- und Finanzmarktrechtde_CH
dc.rightsLicence according to publishing contractde_CH
dc.subject.ddc332: Finanzwirtschaftde_CH
dc.titleVertrauen im Kapitalmarktde_CH
dc.typeBeitrag in wissenschaftlicher Zeitschriftde_CH
dcterms.typeTextde_CH
zhaw.departementSchool of Management and Lawde_CH
zhaw.organisationalunitInstitut für Unternehmensrecht (IUR)de_CH
zhaw.funding.euNode_CH
zhaw.issue6de_CH
zhaw.originated.zhawYesde_CH
zhaw.pages.end791de_CH
zhaw.pages.start771de_CH
zhaw.publication.statuspublishedVersionde_CH
zhaw.volume2017de_CH
zhaw.publication.reviewEditorial reviewde_CH
zhaw.author.additionalNode_CH
Appears in collections:Publikationen School of Management and Law

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Bärtschi, H., & Hirschi, Y. (2017). Vertrauen im Kapitalmarkt. Schweizerische Zeitschrift für Wirtschafts- und Finanzmarktrecht, 2017(6), 771–791.
Bärtschi, H. and Hirschi, Y. (2017) ‘Vertrauen im Kapitalmarkt’, Schweizerische Zeitschrift für Wirtschafts- und Finanzmarktrecht, 2017(6), pp. 771–791.
H. Bärtschi and Y. Hirschi, “Vertrauen im Kapitalmarkt,” Schweizerische Zeitschrift für Wirtschafts- und Finanzmarktrecht, vol. 2017, no. 6, pp. 771–791, 2017.
BÄRTSCHI, Harald und Yannick HIRSCHI, 2017. Vertrauen im Kapitalmarkt. Schweizerische Zeitschrift für Wirtschafts- und Finanzmarktrecht. 2017. Bd. 2017, Nr. 6, S. 771–791
Bärtschi, Harald, and Yannick Hirschi. 2017. “Vertrauen im Kapitalmarkt.” Schweizerische Zeitschrift für Wirtschafts- und Finanzmarktrecht 2017 (6): 771–91.
Bärtschi, Harald, and Yannick Hirschi. “Vertrauen im Kapitalmarkt.” Schweizerische Zeitschrift für Wirtschafts- und Finanzmarktrecht, vol. 2017, no. 6, 2017, pp. 771–91.


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