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Regulating financial market infrastructures

Ferrarini, Guido; Saguato, Paolo - London School of Economics (LSE) - 2014

This paper focuses on the impact of financial market infrastructures (FMIs) and of their regulation on the post … FMIs regulation. By reviewing the current move from ‘private’ markets to ‘public’ markets internationally, and with respect … supervision. - This paper is a draft chapter for a forthcoming volume, "The Oxford Handbook on Financial Regulation," edited by …

Persistent link: https://www.econbiz.de/10011125895

Mark-to-market accounting and systemic risk: evidence from the insurance industry

Ellul, Andrew; Jotikasthira, Chotibhak; Lundblad, … - London School of Economics (LSE) - 2013

interactions with complex capital adequacy regulation, does generate market distortions of its own. Second, while mark …

Persistent link: https://www.econbiz.de/10011171756

The impact of risk regulation on price dynamics

Danielsson, Jon; Shin, Hyun Song; Zigrand, Jean-Pierre - London School of Economics (LSE) - 2004

regulation, while volatility is higher. Risk regulation may have the perverse effect of exacerbating price fluctuations. …

Persistent link: https://www.econbiz.de/10011126542

Tracking the numbers: across accounting and finance, organizations and markets

Vollmer, Hendrik; Mennicken, Andrea; Preda, Alex - London School of Economics (LSE) - 2009

This introductory essay reviews recent advances in the emergent field of social studies of finance (SSF) and, subsequently, sets out to illustrate how a closer engagement with SSF might benefit research interests in accounting and vice versa. Finally, it provides a sketch of how mutual...

Persistent link: https://www.econbiz.de/10010744877

Connecting worlds: the translation of international auditing standards into post-Soviet audit practice

Mennicken, Andrea - London School of Economics (LSE) - 2008

This paper analyses the use and circulation of nternational auditing standards within a large post-Soviet Russian audit firm, as it faces up to the challenges of international harmonisation. It describes this process as one of ‘connecting worlds’ and translation. In a detailed field study...

Persistent link: https://www.econbiz.de/10010745326

Daily closing inside spreads and trading volumes around earnings announcements

Acker, Daniella; Stalker, Mathew; Tonks, Ian - London School of Economics (LSE) - 2002

This paper examines the determinants of inside spreads and their behaviour around corporate earning announcement dates, for a sample of UK firms over the period 1986-94. The paper finds that closing daily inside spreads are affected by order processing costs (proxied by trading volumes),...

Persistent link: https://www.econbiz.de/10010746040

From inspection to auditing: audit and markets as linked ecologies

Mennicken, Andrea - London School of Economics (LSE) - 2010

This paper studies the roles that images and ideas of market creation played in the re-articulation of relations between government, audit expertise and professional organisation in post-Soviet Russia. It examines the change from state-led inspection to market-oriented auditing between 1985 and...

Persistent link: https://www.econbiz.de/10011071340

Corporate ownership structure and performance in Europe

Grant, Jeremy; Kirchmaier, Thomas - London School of Economics (LSE) - 2004

In this paper, we show that ownership structures vary considerably across Europe, and that the dominant form of ownership is not necessarily the most efficient one. These findings are in contradiction to similar research based on US samples. The results also demonstrate that firms without a...

Persistent link: https://www.econbiz.de/10010884735

Rights offerings, trading, and regulation: a global perspective

Massa, Massimo; Vermaelen, Theo; Xu, Moqi - London School of Economics (LSE) - 2013

We study rights offerings using a sample of 8,238 rights offers announced during 1995-2008 in 69 countries. Although shareholders prefer having the option to trade rights, issuers deliberately restrict tradability in 38% of the offerings. We argue that firms restrict rights trading to avoid the...

Persistent link: https://www.econbiz.de/10010884755

Financial Innovation and Growth: Listings and IPOs from 1880 to World War II in the Athens Stock Exchange

Thomadakis, Stavros Thomadakis, Dimitrios Gounopoulos, … - London School of Economics (LSE) - 2014

The study explores the growth of the Athens Stock Exchange through new listings and IPOs over the period 1880-1940. We examine institutional changes in exchange governance and listing requirements. On a theme that has not been addressed before, we find that simple listings were far more numerous...

Persistent link: https://www.econbiz.de/10010905523