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We consider a model in which the principal-agent relation between inside shareholders and the management affects the … firm value.We study the effect of financing the project with risky debt in changing the incentive for a risk …
Persistent link: https://www.econbiz.de/10011091167
The causes of the global financial crisis were multi-faceted but revealed still unresolved weaknesses in national and international financial oversight and resolution frameworks. In particular, many governments in the crisis-hit countries had to provide unprecedented levels of support to contain...
Persistent link: https://www.econbiz.de/10011245888
The new UEFA Club Licensing and Financial Fair Play Regulations have encountered stiff criticism. The concerns are that the new regulations may harm football in three different ways: By forgoing the potential benefits from substantial injections of external money into payrolls, by restricting...
Persistent link: https://www.econbiz.de/10010856829
The new UEFA Club Licensing and Financial Fair Play Regulations have encountered stiff criticism. The concerns are that the new regulations may harm football in three different ways: By forgoing the potential benefits from substantial injections of “external” money into payrolls, by...
Persistent link: https://www.econbiz.de/10010861700
The paper presents an analysis of the main ethical aspects concerning the Romanian real estate intermediation sector. The analysis tries to evaluate the true utility of real estate agents’ services and to assess the potential negative effects of an unethical behavior for the clients. In...
Persistent link: https://www.econbiz.de/10005151187
The paper presents an analysis of the main ethical aspects concerning the Romanian real estate intermediation sector. The analysis tries to evaluate the true utility of real estate agents’ services and to assess the potential negative effects of an unethical behavior for the clients. In...
Persistent link: https://www.econbiz.de/10011071639
The Financial System Stability Assessment of Morocco reviews the reform program that is aimed at establishing a modern, market-oriented financial system that optimizes the mobilization of savings and the allocation of financial resources. It reviews the modernization of the banking sector and...
Persistent link: https://www.econbiz.de/10005252926
-building, and attempts at appropriation. The risk of empire-building is reinforced by mechanisms that foster capital accumulation …
Persistent link: https://www.econbiz.de/10005264159
United Kingdom - are more promising while still entailing significant implementation challenges. A risk factor common to all … of the financial system. Since this could lead to accumulation of systemic risk if left unchecked, it appears unlikely …
Persistent link: https://www.econbiz.de/10009369435
Persistent link: https://www.econbiz.de/10005824821