Showing 1 - 10 of 10,254
This paper studies the impact of regulation on IPO markets using historical data. Regulatory interventions have …
Persistent link: https://www.econbiz.de/10011264346
This paper examines the optimal design and consequences of financial disclosure regulation. Our model represents the … regulation as creating a real option for an investor to delay investment until information is disclosed. We find conditions on … investment opportunities that ensure that regulation raises or lowers investor profits. We also find that investment typically …
Persistent link: https://www.econbiz.de/10011234838
We use survey responses from 2,901 corporate insiders to assess the costs and benefits of compliance with Section 404 of the Sarbanes-Oxley Act. The majority of respondents recognize compliance benefits, but they do not perceive these benefits to outweigh the costs, on average. This is...
Persistent link: https://www.econbiz.de/10010729565
Market commentators have suggested that New Zealand's lax private placement and disclosure regulation allows private …
Persistent link: https://www.econbiz.de/10004977582
&P, either directly from its own regulation or indirectly from changes in the banking sector regulation and strategies. After … discussing the relevant characteristics of the different pieces of regulation, this study concludes that there is a great … is a common challenge about how to reconcile more risk-sensitive regulation with the search for a yield in a world with …
Persistent link: https://www.econbiz.de/10010795000
This study of initial public offerings (IPOs) carried out on the Berlin and London stock exchanges between 1900 and 1913 casts doubt on the received �law and finance� wisdom that legally mandated investor protection is pivotal to the development of capital markets. IPOs that resulted...
Persistent link: https://www.econbiz.de/10009193031
In this study, using the World Bank’s Bank Regulation and Supervision Survey (BRSS) data, we draw insights about the … bank regulatory/supervisory styles, illustrate the differences in regulation/supervision among crisis, non-crisis and BRICS … countries, and highlight the ways in which bank regulation and supervision has changed during the crisis period. The study …
Persistent link: https://www.econbiz.de/10011113271
Remarks at the Fordham Journal of Corporate Counsel & Financial Law Symposium, Fordham Law School, New York City.
Persistent link: https://www.econbiz.de/10011165182
&P, either directly from its own regulation or indirectly from changes in the banking sector regulation and strategies. After … discussing the relevant characteristics of the different pieces of regulation, this study concludes that there is a great … is a common challenge about how to reconcile more risk-sensitive regulation with the search for a yield in a world with …
Persistent link: https://www.econbiz.de/10010784833
The notion of awareness is introduced to study Regulation Fair Disclosure, a rule implemented by the U.S. Security and … asymmetric awareness on the overall benefit and cost, the empirical findings, and the policies of the regulation …
Persistent link: https://www.econbiz.de/10012721491