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Forms and paradoxes of principles-based regulation

Black, Julia - London School of Economics (LSE) - 2008

Principles-based regulation is high on the regulatory agenda in a number of regulatory domains, most particularly financial regulation. Its supporters argue that it provides a flexible regulatory regime which can facilitate innovation; its detractors argue that it is simply lax regulation. This...

Persistent link: https://www.econbiz.de/10010745006

The inherent limits of ‘legal devices’: lessons for the public sector's central counterparty prescription for the OTC derivatives markets

Braithwaite, Jo - London School of Economics (LSE) - 2011

In the wake of the financial crisis considerable momentum has built up behind proposals to extend central counterparty (CCP) clearing in the over-the-counter derivatives markets. However, implementation is proving complex. This paper argues that one cause of this complexity is that the public...

Persistent link: https://www.econbiz.de/10010745410

The Anglo-Saxon market for corporate control, the financial system and international competitiveness: notes for the Notre Dame conference on "strengthening U.S. competitiveness"

Singh, Ajit - Volkswirtschaftliche Fakultät, … - 1993

. The two countries share a broadly common framework of corporate law and possess the most advanced and complete stock … markets in the world. As far as the corporate sector is concerned, in both countries, the financial system is more or less … similar, being dominated by the stock market and a vigorously functioning market for corporate control. In principle, the …

Persistent link: https://www.econbiz.de/10011109519

Internal finance and corporate investment: Belgian evidence with panel data

Barran, Fernando; Peeters, Marga - Volkswirtschaftliche Fakultät, … - 1998

In this paper the corporate investment decision under financial restrictions is investigated with Belgian firm data … source of corporate investment in Belgium since 1986. The estimation results show the dependence of corporate investment on …

Persistent link: https://www.econbiz.de/10008836729

Structuring and Restructuring Sovereign Debt: The Role of Seniority

Bolton, Patrick; Jeanne, Olivier - National Bureau of Economic Research (NBER) - 2005

inefficiency requires a sovereign debt restructuring mechanism that fulfills some of the functions of corporate bankruptcy regimes …

Persistent link: https://www.econbiz.de/10005829198

How Does Corporate Governance Risk at Home Affect Investment Choices Abroad?

Kim, Woochan; Wei, Shang-Jin; Sung, Taeyoon - National Bureau of Economic Research (NBER) - 2008

disparity only after the Asian financial crisis. These results suggest that the nature of corporate governance in international …

Persistent link: https://www.econbiz.de/10005830032

Cross-Border Valuation: The International Cost of Equity Capital

Bodnar, Gordon M.; Dumas, Bernard; Marston, Richard D. - National Bureau of Economic Research (NBER) - 2003

How does a firm in one country evaluate an investment in a firm in another country, or how does it evaluate a foreign project that the firm itself is undertaking? The firm must estimate future free cash flows just as in a domestic project, but choosing an appropriate discount rate is a...

Persistent link: https://www.econbiz.de/10005830915