Narrow search
Showing 1 - 10 of 567
Cover Image
Internalizing Externalities : Disclosure Regulation for Hydraulic Fracturing, Drilling Activity and Water Quality
Bonetti, Pietro; Leuz, Christian; Michelon, Giovanna - National Bureau of Economic Research - 2023
The rise of shale gas and tight oil development has triggered a major debate about hydraulic fracturing (HF). In an effort to mitigate risks from HF, especially with respect to water quality, many U.S. states have introduced disclosure mandates for HF wells and fracturing fluids. We use this...
Persistent link: https://www.econbiz.de/10013537736
Cover Image
Distributed Ledgers and Secure Multi-Party Computation for Financial Reporting and Auditing
Cao, Sean Shun; Cong, Lin William; Yang, Baozhong - National Bureau of Economic Research - 2024
To understand the disruption and implications of distributed ledger technologies for financial reporting and auditing, we analyze firm misreporting, auditor monitoring and competition, and regulatory policy in a unified model. A federated blockchain for financial reporting and auditing can...
Persistent link: https://www.econbiz.de/10015056089
Cover Image
Competition and Bank Opacity
Jiang, Liangliang - 2014
competition reduces bank opacity, enhancing the ability of markets and regulators to monitor banks …
Persistent link: https://www.econbiz.de/10012457906
Cover Image
The Cost of Banking Regulation
Guiso, Luigi - 2006
We use exogenous variation in the degree of restrictions to bank competition across Italian provinces to study both the … effects of bank regulation and the impact of deregulation. We find that where entry was more restricted the cost of credit was … increase in bad loans. In provinces where restrictions to bank competition were most severe, the proportion of bad loans after …
Persistent link: https://www.econbiz.de/10012466164
Cover Image
How Do Banks Set Interest Rates?
Gambacorta, Leonardo - 2004
disentangle loan supply from loan demand shift in the bank lending channel' literature. The results, derived from a sample of … the literature for Italy, interest rates on shortterm lending of liquid and well-capitalized banks react less to a … in the pass-through on the interest rate on current accounts depends mainly on banks' liability structure. Bank's size is …
Persistent link: https://www.econbiz.de/10012468399
Cover Image
Do Public Firms Respond to Investment Opportunities More than Private Firms? The Impact of Initial Firm Quality
Maksimovic, Vojislav - 2017
Using U.S. Census data, we track firms at birth and compare the growth pattern of IPO firms and their matched always-private counterparts over their life cycle. Firms that are larger at birth with faster initial growth are more likely to attain a larger size and to subsequently go public. We...
Persistent link: https://www.econbiz.de/10012453609
Cover Image
Estimating Global Bank Network Connectedness
Demirer, Mert - 2017
dynamic network connectedness using rolling-window estimation. Statically, we find that global bank equity connectedness has a … Debt Crisis, and with movements coming mostly from changes in cross-country as opposed to within-country bank linkages …
Persistent link: https://www.econbiz.de/10012455541
Cover Image
Is the U.S. public corporation in trouble?
Kahle, Kathleen - 2016
We examine the current state of the U.S. public corporation and how it has evolved over the last 40 years. After falling by 50 percent since its peak in 1997, the number of public corporations is now smaller than 40 years ago. These corporations are now much larger and over the last twenty years...
Persistent link: https://www.econbiz.de/10012455823
Cover Image
Standing on the Shoulders of Giants : The Effect of Passive Investors on Activism
Appel, Ian R. - 2016
We analyze whether the growing importance of passive investors has influenced the campaigns, tactics, and successes of activists. We find activists are more likely to pursue changes to corporate control or influence (e.g., via board representation) and to forego more incremental changes to...
Persistent link: https://www.econbiz.de/10012455973
Cover Image
Why Does Idiosyncratic Risk Increase with Market Risk?
Bartram, Söhnke M. - 2016
From 1963 through 2015, idiosyncratic risk (IR) is high when market risk (MR) is high. We show that the positive relation between IR and MR is highly stable through time and is robust across exchanges, firm size, liquidity, and market-to-book groupings. Though stock liquidity affects the...
Persistent link: https://www.econbiz.de/10012456185