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Law enforcement under incomplete law: theory and evidence from financial market regulation
Pistor, Katharina; Xu, Cheng-Gang - London School of Economics (LSE) - 2002
This paper studies the design of law-making and law enforcement institutions based on the premise that law is inherently incomplete. Under incomplete law, law enforcement by courts may suffer from deterrence failure, defined as the socialwelfare loss that results from the regime's inability to...
Persistent link: https://www.econbiz.de/10010746149
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On the detrimental impact of visa restrictions on bilateral trade and foreign direct investment
Neumayer, Eric - London School of Economics (LSE) - 2011
This article estimates the effect of visa restrictions on bilateral trade flows and foreign direct investment (FDI …
Persistent link: https://www.econbiz.de/10010744803
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A fetish and fiction of finance: unraveling the subprime crisis
Pani, Erica; Holman, Nancy - London School of Economics (LSE) - 2014
risk. To do so, the article unravels the much-misunderstood experiences of eight Norwegian municipalities whose investments … analytical concepts—“the fetishization of the knowledge of risk” and “fictitious distance”—to help explain how the crisis spread …
Persistent link: https://www.econbiz.de/10011126446
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A proposal for an open-source financial risk model
Ho Hwang, Jong - London School of Economics (LSE) - 2013
risk information in the global economy. The paper examines the current state of the financial risk framework, notes its … place. The proposed open-source financial risk model separates the dual function that internal risk models perform within … financial institutions, first to attempt to optimize the risk-return profile of mostly private economic rent-seeking entities …
Persistent link: https://www.econbiz.de/10011163501
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Tracking the numbers: across accounting and finance, organizations and markets
Vollmer, Hendrik; Mennicken, Andrea; Preda, Alex - London School of Economics (LSE) - 2009
This introductory essay reviews recent advances in the emergent field of social studies of finance (SSF) and, subsequently, sets out to illustrate how a closer engagement with SSF might benefit research interests in accounting and vice versa. Finally, it provides a sketch of how mutual...
Persistent link: https://www.econbiz.de/10010744877
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Connecting worlds: the translation of international auditing standards into post-Soviet audit practice
Mennicken, Andrea - London School of Economics (LSE) - 2008
This paper analyses the use and circulation of nternational auditing standards within a large post-Soviet Russian audit firm, as it faces up to the challenges of international harmonisation. It describes this process as one of ‘connecting worlds’ and translation. In a detailed field study...
Persistent link: https://www.econbiz.de/10010745326
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Daily closing inside spreads and trading volumes around earnings announcements
Acker, Daniella; Stalker, Mathew; Tonks, Ian - London School of Economics (LSE) - 2002
This paper examines the determinants of inside spreads and their behaviour around corporate earning announcement dates, for a sample of UK firms over the period 1986-94. The paper finds that closing daily inside spreads are affected by order processing costs (proxied by trading volumes),...
Persistent link: https://www.econbiz.de/10010746040
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From inspection to auditing: audit and markets as linked ecologies
Mennicken, Andrea - London School of Economics (LSE) - 2010
This paper studies the roles that images and ideas of market creation played in the re-articulation of relations between government, audit expertise and professional organisation in post-Soviet Russia. It examines the change from state-led inspection to market-oriented auditing between 1985 and...
Persistent link: https://www.econbiz.de/10011071340
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Can labour regulation hinder economic performance? Evidence from India
Besley, Timothy; Burgess, Robin - London School of Economics (LSE) - 2002
lowered investment, employment, productivity and output in registered manufacturing. Regulating in a pro-worker direction is …
Persistent link: https://www.econbiz.de/10010928668
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Labour market performance and start-up costs: OECD evidence
Lopez-Garcia, Paloma - London School of Economics (LSE) - 2002
This paper is intended to make a contribution to the empirical literature explaining the rise of unemployment since the 1970s in western economies by means of interactions between shocks and institutions. The contribution is twofold. First, the impact of a general feature of developed economies...
Persistent link: https://www.econbiz.de/10010745773