Showing 1 - 10 of 911
The paper analyzes a very stylized model of crises and demonstrates how the degree of strategic complementarity in the actions of investors is a critical determinant of fragility. It is shown how the balance sheet composition of a financial intermediary, parameters of the information structure...
Persistent link: https://www.econbiz.de/10009230899
This paper has explored the stringency of land-use regulation in US cities, focusing on building heights. Substantial …
Persistent link: https://www.econbiz.de/10011822114
One of the key questions in the study of regulation is whether the costs of regulatory compliance fall homogeneously on …
Persistent link: https://www.econbiz.de/10014320686
of individual and societal factors. The reactions "Government Regulation", "Flooding", "Passive Escape: Digital Detox …
Persistent link: https://www.econbiz.de/10011761654
link between gasoline content regulation and the compliance behavior of refineries. We find that in areas with more … stringent gasoline regulation, there was increased compliance on the part of firms. -- Clean Air Act ; compliance behavior … ; energy markets ; product regulation ; petroleum refining ; environmental pollution …
Persistent link: https://www.econbiz.de/10009659324
This paper proposes a theoretical model that incorporates corporate governance into the basic CAPM, where corporate governance affects the disutility of managerial effort and the possibility of managers to divert company resources. It shows that corporate governance affects firms’ stock...
Persistent link: https://www.econbiz.de/10010212666
This paper reviews the history of executive compensation disclosure and other government policies affecting CEO pay, and as well surveys the literature on the effects of these policies. Disclosure has increased nearly uniformly since 1933. A number of other regulations, including special taxes...
Persistent link: https://www.econbiz.de/10003749481
assess the effectiveness and efficiency of these standards, which are the centerpiece of US Clean Air Act regulation of …
Persistent link: https://www.econbiz.de/10013463693
U.S. network industry reforms led other countries in the past, but have recently run into difficulties in specific areas. In particular, the U.S. telecommunications sector was hit by a deep crisis and electricity reforms suffered under the California disaster. Part of the explanation for these...
Persistent link: https://www.econbiz.de/10011402612
The paper aims at empirically investigating the relationship between regulation and the capital structure of the … result prevails independent of a control variable that indicates the regulatory regime. -- regulation ; capital structure …
Persistent link: https://www.econbiz.de/10003854388