We study the impact of the announcement of enforcement of financial and securities regulation by the UK’s Financial …

manipulation is not illegal under UK financial services regulation, but that in any case, deterrence is better than prosecution …

performance sensitivity of managerial pay, taking external corporate governance and auditing regulation into account. For given …

political economy, which models regulation and its enforcement as the result of the balance of power between social and economic …

and gas. The Paper argues that there is unfinished business in the areas of regulation, restructuring, encouraging proper … risk management through contracting, and designing markets and regulation to ensure effective and sustainable competition …

. They are unlikely to be consistent with models of optimal regulation. …

Governments that levy predatory regulation and provide few weak legal institutions draw businesses into the unofficial …, we find that retail shops face very high levels of predatory regulation and have frequent contacts with private … protection rackets. In addition, we show that higher levels of regulation are associated with weaker legal institutions and a …