attention. New recommendations were given and regulation was passed concerning the composition of supervisory boards and their …

explains lower risk premiums demanded by investors and/or better stock performance. The evidence suggests that better …-earnings ratios, lower risk premiums - and thus higher price-earnings ratios - can be supported by better disclosure if a special … controlled for the risk prices of volatility, size, book-to-market ratio and momentum. The evidence suggests that an investment …

general public. Hedge funds risk taking activity using ways such as short selling and excessive leverage and their … held by the broad economy, as well as the capital charges at the fund level accounting for the residual idiosyncratic risk … risk to the economy in large. In the Third Chapter, we recognize that with limited and incomplete information on hedge …

This thesis contributes to the literature on risk management in banking by presentingthree theoretically oriented … papers, one dealing with bank closure policiesin the event of system-wide banking crises, and the other two with credit … riskmanagement.In the first paper (chapter 2) we review the models of joint defaults of thecurrent industry-sponsored credit risk …

the affiliates that the banking group has abroad, on bank’s risk, using Spanish confidential supervisory data. Having … and the host economy on bank’s ex-post risk. The results are consistent with the hypothesis that geographic … multinational and decentralized banks. On the other hand, the international activity of banks may be associated to more risk taking …

Die Regulierung eines Marktes ist das Ergebnis eines komplexen Prozesses, der sowohl von politischen als auch … Regulierung beeinflussen können. Der erste Teil behandelt die Liberalisierung des Markteintritts im Mobilfunkmarkt in OECD Ländern … getroffene Selektion, dann zeigt es sich, dass die Regulierung zwar im allgemeinen in die gewünschte Richtung gearbeitet hat …