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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
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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
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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
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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
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Corporate Hedging and Shareholder Value
Aretz, Kevin; Bartram, Söhnke M. - Volkswirtschaftliche Fakultät, … - 2009
According to financial theory, corporate hedging can increase shareholder value in the presence of capital market …
Persistent link: https://www.econbiz.de/10005835392
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The Use of Options in Corporate Risk Management
Bartram, Söhnke M. - Volkswirtschaftliche Fakultät, … - 2004
exposures, linear as well as nonlinear. In particular, options are a useful component of corporate risk management if exposures …
Persistent link: https://www.econbiz.de/10005835643
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The Exchange Rate Exposure Puzzle
Bartram, Söhnke M.; Bodnar, Gordon - Volkswirtschaftliche Fakultät, … - 2005
the firm level. Given that empirical tests estimate exchange exposures net of corporate hedging, both, firms with low …
Persistent link: https://www.econbiz.de/10005835963
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Corporate Cash Flow and Stock Price Exposures to Foreign Exchange Rate Risk
Bartram, Söhnke M. - Volkswirtschaftliche Fakultät, … - 2007
and corporate cash flows. The results show that several firms are significantly exposed to at least one of the foreign …
Persistent link: https://www.econbiz.de/10005836323
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On the Choice of the Discount Rate and the Role of Financial Variables and Physical Parameters in Estimating the Levelized Cost of Energy
Manzhos, Sergei - In: International Journal of Financial Studies 1 (2013) 3, pp. 54-61
The levelized cost of energy (LCOE) approach has become popular, especially in the field of renewable energy. We argue that when assessing levelized cost of energy, different rates should be used for borrowing and discount rates. We further argue that the risk-free rate should be used for...
Persistent link: https://www.econbiz.de/10010678505
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The impact of the global financial crisis on border-crossing mergers and acquisitions: A continental/industry analysis
Reddy, Kotapati Srinivasa - Volkswirtschaftliche Fakultät, … - 2015
While referring to the recent study on the 2007-2008 global financial crisis, and cross-border mergers and acquisitions in 26 countries (Reddy, Nangia, & Agrawal, 2014b), this paper aims to further examine the impact of financial crisis on the later form of market in 13 sub-continentals, three...
Persistent link: https://www.econbiz.de/10011251885