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Enhancing Corporate Governance for Financial Institutions: The Role of International Standards

Alexander, Kern; Dhumale, Rahul - ESRC Centre for Business Research - 2001

The threat of systemic risk in international financial markets necessitates the establishment of universal standards for corporate governance of financial institutions. This paper addresses some important issues and concepts in the governance of multinational financial institutions and why...

Persistent link: https://www.econbiz.de/10005162857

Regulatory Sanctions and Reputational Damage in Financial Markets

Armour, John; Mayer, Colin; Polo, Andrea - C.E.P.R. Discussion Papers - 2010

We study the impact of the announcement of enforcement of financial and securities regulation by the UK’s Financial …

Persistent link: https://www.econbiz.de/10008682887

Bank regulation, supervision and efficiency during the global financial crisis

Swamy, Vighneswara - Volkswirtschaftliche Fakultät, … - 2014

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

Financial regulation and IPOs: Evidence from the history of the Italian stock market

Cattaneo, Mattia; Meoli, Michele; Vismara, Silvio - In: Journal of Corporate Finance 31 (2015) C, pp. 116-131

This paper studies the impact of regulation on IPO markets using historical data. Regulatory interventions have …

Persistent link: https://www.econbiz.de/10011264346

Economic effects of SOX Section 404 compliance: A corporate insider perspective

Alexander, Cindy R.; Bauguess, Scott W.; Bernile, Gennaro; … - In: Journal of Accounting and Economics 56 (2013) 2, pp. 267-290

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

Is Regulation Essential to Stock Market Development? Going Public in London and Berlin, 1900-1913

Burhop, Carsten; Chambers, David; Cheffins, Brian - Seminar für Wirtschafts- und Sozialgeschichte, … - 2011

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 ï¿½law and financeï¿½ wisdom that legally mandated investor protection is pivotal to the development of capital markets. IPOs that resulted...

Persistent link: https://www.econbiz.de/10009193031

FASB and IASB : Dependence Despite Independence

Fleckner, Andreas Martin - 2015

Most regulatory bodies are either powerful or independent. The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) are both mdash; at least in theory. This paper argues that in practice, the two boards are less powerful and less independent than...

Persistent link: https://www.econbiz.de/10012749946

Financial Disclosure and Market Transparency with Costly Information Processing

Di Maggio, Marco; Pagano, Marco - C.E.P.R. Discussion Papers - 2012

We study a model where some investors (“hedgers”) are bad at information processing, while others (“speculators”) have superior information-processing ability and trade purely to exploit it. The disclosure of financial information induces a trade externality: if speculators refrain from...

Persistent link: https://www.econbiz.de/10011083365

Financial disclosure and market transparency with costly information processing

Di Maggio, Marco; Pagano, Marco - Center for Financial Studies - 2014

We study a model where some investors ("hedgers") are bad at information processing, while others ("speculators") have superior information-processing ability and trade purely to exploit it. The disclosure of financial information induces a trade externality: if speculators refrain from trading,...

Persistent link: https://www.econbiz.de/10010961636

Correcting the Failures in Corporate Governance Reforms

Turnbull, Shann - 2008

science of governance identified only 59 years ago. The natural laws of regulation are outlined to identify why the current …

Persistent link: https://www.econbiz.de/10012726194

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