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I propose a model in which firms can convey their quality by listing on a stock exchange. To list, firms must comply with costly listing requirements allowing investors to recognize imperfectly their quality. A profit maximizing exchange may set listing requirements leading to high information...
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In the Basel regulation the required capital of a financial institution is based on conditional measures of the risk of …
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In the Basel regulation the required capital of a financial institution is based on conditional measures of the risk of …
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underscore the economic importance of regulation in the funds’ asset allocation choices, relative to institutional and individual …
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from others, and because they seek to influence the industry regulation. Properly organized fora establish an open …
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. Recent scandals in the financial industry exposed overconfidence in IT based regulation and, as scholars of regulation have … with a broad perspective we define sociomaterial regulation as the relationships between the rules, the IT artifacts, and … modalities of sociomaterial regulation which can be understood using the three relationships: functionality-, tool-, role …
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exclusive rights of use over information and on the self-regulation of on-line communities. Through a decentralized system of …
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