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Political Connections and Shareholder Support
Blomkvist, Magnus; Liljeblom, Eva; Löflund, Anders; … - 2022
We study investors’ preferences for corporate political connections in the U.S. using a novel measure; shareholder votes given to individual directors. We find that, after fully accounting for all firm-year specific information and a wide range of director characteristics, that politically...
Persistent link: https://www.econbiz.de/10014237954
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Accounting for financial stability: Lessons from the financial crisis and future challenges
Bischof, Jannis; Laux, Christian; Leuz, Christian - 2020
This paper examines banks' disclosures and loss recognition in the financial crisis and identifies several core issues for the link between accounting and financial stability. Our analysis suggests that, going into the financial crisis, banks' disclosures about relevant risk exposures were...
Persistent link: https://www.econbiz.de/10012290508
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Financial regulation in the EU : cross-border capital flows, systemic risk and the European Banking Union as reference points for EU financial market integration
Haar, Brigitte - 2014
This is a chapter for a forthcoming volume Oxford Handbook of Financial Regulation (Oxford University Press 2014) (eds. Eilís Ferran, Niamh Moloney, and Jennifer Payne). It provides an overview of EU financial regulation from the first banking directive up until its most recent developments in...
Persistent link: https://www.econbiz.de/10010372581
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Common law and the origin of shareholder protection
Acheson, Graeme G.; Campbell, Gareth; Turner, John D. - 2016
This paper examines the origins of investor protection under the common law by analysing the development of shareholder … protection in Victorian Britain, the home of the common law. In this era, very little was codified, with corporate law simply … suggesting a default template of rules. Ultimately, the matter of protection was one for the corporation and its shareholders …
Persistent link: https://www.econbiz.de/10011523499
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Freedom of contract and financial stability through the lens of the Legal Theory of Finance (LTF) : LTF approaches to ABS, Pari Passu-Clauses, CCPs, and Basel III
Haar, Brigitte - 2016
This paper is the outcome of a related broader project, exploring the explanatory power of the Legal Theory of Finance, which proposes a new institution-based analytical framework for the analysis of phenomena of financial markets. One of its most important theoretical assumptions, the legal...
Persistent link: https://www.econbiz.de/10011526423
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Common law and the origin of shareholder protection
Acheson, Graeme G.; Campbell, Gareth; Turner, John D. - 2016
This paper examines the origins of investor protection under the common law by analysing the development of shareholder … protection in Victorian Britain, the home of the common law. In this era, very little was codified, with corporate law simply … suggesting a default template of rules. Ultimately, the matter of protection was one for the corporation and its shareholders …
Persistent link: https://www.econbiz.de/10011521411
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Regulatory Systemic Risk in US Securities Regulation
Pichhadze, Aviv - 2011
The concept of regulatory systemic risk – a long-term imbalance, resulting from the misalignment between regulatory initiatives and market realities, that impacts multiple areas of the regulatory framework – is developed in the context of US securities regulation. The discussion offers two...
Persistent link: https://www.econbiz.de/10013128555
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One Share, One Vote : A Perception of Legitimacy
Warren, Manning G. - 2011
markets. The transcendent question, and the focus of any analysis dealing with the protection of investors and the securities …
Persistent link: https://www.econbiz.de/10013133457
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Bank Failure, Mark-to-Market and the Financial Crisis
Amel-Zadeh, Amir - 2011
This paper is concerned with the allegation that fair value accounting rules have contributed significantly to the recent financial crisis. It focuses on one particular channel for that contribution: the impact of fair value on actual or potential failure of banks. The paper compares four...
Persistent link: https://www.econbiz.de/10013134255
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Foolish Revenge or Shrewd Regulation? Financial-Industry Tax Law Reforms Proposed in the Wake of the Financial Crisis
Page, Richard T. - 2010
This Comment evaluates four recent proposals to reform tax laws affecting the financial industry. After introducing the proposals, the author provides a theoretical framework for evaluating them and then relies on this framework to explore the benefits and drawbacks of each. Ultimately, the...
Persistent link: https://www.econbiz.de/10013135154