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The observation of firms’ political connections (PCs) in both types of ascribed and acquired PCs has raised the question of their benefits to firms’ operation. Based on 1,365 Vietnamese listed firm-year observations from 2010 to 2014, we find that although firms with both ascribed and...
Persistent link: https://www.econbiz.de/10012625449
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
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
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
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
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
The ownership nationality of large US multinational companies plays an implicit but important role in the current debate over how such companies should be taxed. This paper identifies that role and investigates what is actually known about where these companies’ shareholders reside
Persistent link: https://www.econbiz.de/10011387732
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
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
This paper analyses the German corporate law reform's effect on the publicly listed companies' ownership and performance. First, theoretically plausible implications of the most important laws that were issued 1990-2009 are provided, then an empirical analysis using 1997-2008 panel data...
Persistent link: https://www.econbiz.de/10013133571