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Deregulation in retailing : the Dutch experience

Carree, Martin Anthony; Nijkamp, Joyce - 1999

Institutional barriers to entry were removed to a considerable extent in 1996 in the Dutch retail sector. Three years before that the regulator decided to not take legal actions anymore against entrants violating institutional requirements. In the current analysis we investigate the effects of...

Persistent link: https://www.econbiz.de/10011302129

Credit rationing effects of credit value-at-risk

Slijkerman, Jan Frederik; Smant, David Jan Cornelis; … - 2004

asymmetric information the banks face the risk of adverse selection. Credit Value-at-Risk (CVaR) regulation counters the problem … of low quality, i.e. high risk, loans and therefore reduces the risk of the bank loan portfolio. However, CVaR regulation … welfare. CVaR regulation also affects the operation of monetary policy. …

Persistent link: https://www.econbiz.de/10011334832

Did the Sarbanes-Oxley act of 2002 make firms less opaque? Evidence from analyst earnings forecasts

Arping, Stefan; Sautner, Zacharias - 2010

Persistent link: https://www.econbiz.de/10008809571

Did the Sarbanes-Oxley Act of 2002 make firms less opaque? : evidence from analyst earnings forecasts

Arping, Stefan; Sautner, Zacharias - 2010 - This version: November 2010

We study whether the Sarbanes-Oxley Act (SOX) of 2002 made firms less opaque. For identification, we use a difference-in-differences estimation approach and compare EU firms that are cross-listed in the US-and therefore subject to SOX-with comparable EU firms that are not cross-listed. We derive...

Persistent link: https://www.econbiz.de/10011382666

Mutual funds and information diffusion : the role of country-level governance

Lin, Chunmei; Massa, Massimo; Zhang, Hong - 2014

We hypothesize that poor country-level governance, which makes public information less reliable, induces fund managers to increase their use of semi-public information. Utilizing data from international mutual funds and stocks over the 2000-2009 period, we find that semi-public...

Persistent link: https://www.econbiz.de/10010370657

Banking and trading

Boot, Arnoud W. A.; Ratnovski, Lev - 2012

Persistent link: https://www.econbiz.de/10010190997

Pros and cons of "backing winners" in innovation policy

Butter, Frank A. G. den; Jo, Seung-gyu - 2009

game theory of the firm. A theoretical case for picking winners through a preferential innovative policy is discussed in a …

Persistent link: https://www.econbiz.de/10011377579

Tainted food, low-quality products and trade

Viaene, Jean-Marie; Zhao, Laixun - 2010

This paper examines international trade in tainted food and other low-quality products. Wefirst find that for a large class of environments, free trade is the trading system that conveysthe highest incentives to produce non-tainted high-quality goods by foreign exporters.However, free trade...

Persistent link: https://www.econbiz.de/10011379610

Continuous time trading in markets with adverse selection

Janssen, Maarten C. W.; Karamychev, Vladimir A. - 2000

We investigate the nature of the adverse selection problem in a market for adurable goodwhere trading and entry of new buyers and sellers takes place in continuoustime. In thecontinuous time model equilibria with properties that are qualitativelydifferent from thestatic equilibria, emerge....

Persistent link: https://www.econbiz.de/10011304379

Competition for a prize

Noll, Rob van der - 2006

I present a model in which individuals compete for a prize by choosing to apply or not. Abilities are private information and in attempt to select the best candidate, the committee compares applicants with an imperfect technology. The choice of application cost, size of the prize and use of...

Persistent link: https://www.econbiz.de/10011348717

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