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This article analyzes the manifold situations in which the efficient-market hypothesis (EMH) has influenced—or has failed to influence—federal securities regulation and state corporate law, and the prospective roles for the EMH in these contexts. In federal securities regulation, the EMH has...
Persistent link: https://www.econbiz.de/10010603964
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Persistent link: https://www.econbiz.de/10011014413
committee are likely to play a vital role in reducing the potential exit risk. We also found that there is a significant …
Persistent link: https://www.econbiz.de/10010744243
committee are likely to play a vital role in reducing the potential exit risk. We also found that there is a significant …
Persistent link: https://www.econbiz.de/10010617843
The purpose of this article is to present the path dependence of regulation as an important engine of evolution of executive compensation in the US financial institutions. In particular, the impact of regulations, including tax laws, accounting principles and disclosure requirements of public...
Persistent link: https://www.econbiz.de/10011123354
First externalities risk due to the size of the companies or the principle that large companies are also at risk of … for savers and investors are taken. If we accept-so conservatively that the risk exposure of a company is limited by its … risk foreseeable losses with positive externalities, then, what can happen with negative derivatives risk capital …
Persistent link: https://www.econbiz.de/10011110979
and better corporate governance mechanism reduces the risk of these companies. …
Persistent link: https://www.econbiz.de/10005413156
This survey provides a synthetic and evaluative survey of issues in corporate financial distress and bankruptcy. This area has moved into a public domain as a result of the recent global financial crisis that witnessed failures of many venerable institutions that got rescued by the government....
Persistent link: https://www.econbiz.de/10010883376
between systemic risk and information asymmetries – hence the justification for greater focus on information channels as well …
Persistent link: https://www.econbiz.de/10011107937
automatically facilitate lower risk taking levels – where there is scope for the abuse of powers. As well as illustrating why …
Persistent link: https://www.econbiz.de/10008805896