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Forms and paradoxes of principles-based regulation
Black, Julia - London School of Economics (LSE) - 2008
Principles-based regulation is high on the regulatory agenda in a number of regulatory domains, most particularly financial regulation. Its supporters argue that it provides a flexible regulatory regime which can facilitate innovation; its detractors argue that it is simply lax regulation. This...
Persistent link: https://www.econbiz.de/10010745006
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The inherent limits of ‘legal devices’: lessons for the public sector's central counterparty prescription for the OTC derivatives markets
Braithwaite, Jo - London School of Economics (LSE) - 2011
In the wake of the financial crisis considerable momentum has built up behind proposals to extend central counterparty (CCP) clearing in the over-the-counter derivatives markets. However, implementation is proving complex. This paper argues that one cause of this complexity is that the public...
Persistent link: https://www.econbiz.de/10010745410
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DO MARKET LISTING AND SIZE ENTAIL BEHAVIOURAL DIFFERENCES?
BELLETANTE, Bernard; PARANQUE, Bernard - EconWPA - 2000
It is possible to study companies according to their methods of gaining access to finance, and in particular the stock market. Two approaches are possible. The first looks at the organisation of such access through the relationships built up by the company with suppliers of capital, enabling the...
Persistent link: https://www.econbiz.de/10005134889
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Internal finance and corporate investment: Belgian evidence with panel data
Barran, Fernando; Peeters, Marga - Volkswirtschaftliche Fakultät, … - 1998
In this paper the corporate investment decision under financial restrictions is investigated with Belgian firm data … source of corporate investment in Belgium since 1986. The estimation results show the dependence of corporate investment on …
Persistent link: https://www.econbiz.de/10008836729
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The Anglo-Saxon market for corporate control, the financial system and international competitiveness: notes for the Notre Dame conference on "strengthening U.S. competitiveness"
Singh, Ajit - Volkswirtschaftliche Fakultät, … - 1993
. The two countries share a broadly common framework of corporate law and possess the most advanced and complete stock … markets in the world. As far as the corporate sector is concerned, in both countries, the financial system is more or less … similar, being dominated by the stock market and a vigorously functioning market for corporate control. In principle, the …
Persistent link: https://www.econbiz.de/10011109519
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Macroeconomic Crisis and Individual Performance : The Mexican Experience
Watkins, Karen - 2009
' balance sheets deteriorated between the fourth quarters of 1993 and 1995, which points the possibility of corporate roots of …
Persistent link: https://www.econbiz.de/10012721920
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Does Hedging Tell the Full Story? Reconciling Differences in US Aggregate and Industry-Level Exchange Rate Risk Premia
Francis, Bill B. - 2008
While the importance of currency movements to industry competitiveness is theoretically well established, there is little evidence that currency risk impacts US industries. Applying a conditional asset-pricing model to 36 US industries, we find that all industries have a significant currency...
Persistent link: https://www.econbiz.de/10012724195
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Does Voluntary Corporate Governance Code Adoption Increase Firm Value in Emerging Markets? Evidence from Thailand
Kouwenberg, Roy - 2008
In this paper we investigate the impact of a voluntary corporate governance initiative on firm value in an emerging … market context. We consider the corporate governance code introduced by the Stock Exchange of Thailand in 2002, applying to …
Persistent link: https://www.econbiz.de/10012726752
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Corporate Financial Policies and Performance Around Currency Crises
Bris, Arturo - 2008
Using data from 20 countries that have suffered a currency crisis, this paper studies firm-level leverage and performance before and after a crisis has occurred. First we provide some evidence of increasing leverage both before and after a crisis. We show that, in the years preceding a currency...
Persistent link: https://www.econbiz.de/10012728182
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Motivations for Public Equity Offers : An International Perspective
Kim, Woojin - 2006
This paper examines the extent to which investment financing and market-timing explanations motivate public equity offers. We consider a sample of 16,958 initial public offerings and 12,373 seasoned equity offerings from 38 countries between 1990 and 2003. We provide estimates of the change in...
Persistent link: https://www.econbiz.de/10012735044