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This paper surveys research on corporate governance, with special attention to the importance of legal protection of investors and of ownership concentration in corporate governance systems in Europe. One share-one vote encourages the selection of an efficient management team. Families are the...
Persistent link: https://www.econbiz.de/10010707890
systemic risk. Moreover, bank regulation is considered in a two-scale level, either at the bank level or at the system … alternative model to Basel framework is derived where systemic risk is taken into account in each bank's dynamic. This might be a …The post-crisis financial reforms address the need for systemic regulation, focused not only on individual banks but …
Persistent link: https://www.econbiz.de/10010790026
systemic risk. Moreover, bank regulation is considered in a two-scale level, either at the bank level or at the system … alternative model to Basel framework is derived where systemic risk is taken into account in each bank's dynamic. This might be a …The post-crisis financial reforms address the need for systemic regulation, focused not only on individual banks but …
Persistent link: https://www.econbiz.de/10010708963
question : why do banks fund loans with both equity and demand deposits ? The model determines the optimal bank capital … structure. In comparison with a Diamond-Dybvig bank which funds loans with demand deposits only, a capitalized financial … model identifies the sources of market failure that may justify banking regulation. …
Persistent link: https://www.econbiz.de/10010707190
During this interview, Joel Metais retraces the milestones in the history of the financial industry, suffering under the constraints, as least as far as retail banks are concerned, of rules and regulations constituting thinly veiled protectionism, which in Europe has at last begun to give way to...
Persistent link: https://www.econbiz.de/10011072201
Persistent link: https://www.econbiz.de/10010706744
Persistent link: https://www.econbiz.de/10010706616
By introducing a structure of the balance sheets of the banks, which takes into account their bilateral exposures in terms of stocks or lendings, we get a structural model for default analysis. This model allows us to distinguish the exogenous and endogenous default dependence. We prove the...
Persistent link: https://www.econbiz.de/10011265532
In the theoretical framework of corporate governance this article studies the efficiency of the control exerted by the ownership structure and the board of directors on managers. The confrontation of entrenchment theory and agency theory allows to determine the necessary conditions of the...
Persistent link: https://www.econbiz.de/10010861596
Profit manipulation has been largely studied through Positive Accounting Theory (PAT). However, the weakness of the results obtained would suggest using different theoretical and methodological approaches to examine this subject. In France, management controllers play a central role in profit...
Persistent link: https://www.econbiz.de/10010905207