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Typology of stock market offenses in France: An analysis of sanctions by the AMF since 2006
Demerens, Frédéric; Najar, Dorra; Paré, Jean-Louis; … - HAL - 2013
This paper presents a study intended to demonstrate how the Financial Market Authority (AMF) in France uses its … industry during the period 2006-2011. The AMF actions are evaluated over time, by examining the evolution of the number and … their category and the status of those sanctioned strongly indicate that few firms and brokers are sanctioned by the AMF. In …
Persistent link: https://www.econbiz.de/10010775229
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U.S. Electrical System Reliability: Deregulated Retail Choice States’ Evidence and Market Modeling
Prentis, Eric L. - In: International Journal of Energy Economics and Policy 4 (2014) 4, pp. 588-598
The goal of this paper is to test if the promised U.S. electrical system high reliability standards are being maintained, once states deregulate their electric utilities. This research is the first in the literature to combine states that offer retail choice, by deregulating their electric...
Persistent link: https://www.econbiz.de/10010938186
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Evolution of Risks for Energy Companies from the Energy Efficiency Perspective: The Brazilian Case
Perroni, Marcos; Dalazen, Luciano Luiz; Silva, Wesley … - In: International Journal of Energy Economics and Policy 5 (2015) 2, pp. 612-623
This study aims to evaluate whether energy savings from energy efficiency programs in Brazil affected the risks taken by energy companies during the period 2000-2013, based on the following research question: can we assume that energy conservation programs affect return risks to electrical...
Persistent link: https://www.econbiz.de/10011268842
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Does EU Regulation Hinder or Stimulate Innovation?
Pelkmans, Jacques; Renda, Andrea - Institut za Razvoj i Međunarodne Odnose (IRMO)
‘Does EU regulation hinder or stimulate innovation’ is a frequently heard query in the EU, but there is little systematic analytical literature on the issue. Fragmented evidence or anecdotes dominate debates among EU regulatory decision-makers and in European business, insofar as there is a...
Persistent link: https://www.econbiz.de/10011274939
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Investment Treaties and Shareholder Claims for Reflective Loss: Insights from Advanced Systems of Corporate Law
Gaukrodger, David - Directorate for Financial, Fiscal and Enterprises … - 2014
Corporate law in advanced domestic legal systems on the one hand, and typical treaties for the protection of foreign investment on the other hand, treat claims for damages by company shareholders differently. Advanced domestic systems generally bar shareholders from claiming for reflective loss...
Persistent link: https://www.econbiz.de/10011276700
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Investment Treaties and Shareholder Claims: Analysis of Treaty Practice
Gaukrodger, David - Directorate for Financial, Fiscal and Enterprises … - 2014
Advanced systems of domestic corporate law generally apply a “no reflective loss” principle to shareholder claims. Shareholder claims are permitted for direct injury to shareholder rights (such as voting rights). But shareholders generally cannot bring claims for reflective loss incurred as...
Persistent link: https://www.econbiz.de/10011276703
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The Impact of the Dodd-Frank Act on Small Banks
Alqatawni, Tahsen - Volkswirtschaftliche Fakultät, … - 2013
financial meltdown, which applies to prevent further fraud and abuse in the markets, also geared toward protecting consumers …
Persistent link: https://www.econbiz.de/10011259888
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Agency Conflicts, Expropriation and Firm Value: Evidence from Securities-Market Regulation in China
Henk, Berkman; Rebel, Cole; Fu, Lawrence - Volkswirtschaftliche Fakultät, … - 2005
In this study, we examine the wealth effects of regulatory changes intended to improve corporate governance by protecting minority shareholders from expropriation by controlling shareholders. Using data from publicly traded Chinese firms, we find that these new regulations significantly...
Persistent link: https://www.econbiz.de/10011260290
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Fallacies, Irrelevant Facts, and Myths in the Discussion of Capital Regulation: Why Bank Equity is Not Expensive
Admati, Anat R.; DeMarzo, Peter M.; Hellwig, Martin F.; … - Max-Planck-Institut zur Erforschung von … - 2010
We examine the pervasive view that “equity is expensive,” which leads to claims that high capital requirements are costly and would affect credit markets adversely. We find that arguments made to support this view are either fallacious, irrelevant, or very weak. For example, the return on...
Persistent link: https://www.econbiz.de/10008693526
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Financial Innovation and Transparency in Turbulent Times
Delimatsis, Panagiotis - In: Journal of Financial Transformation 33 (2011), pp. 99-112
The stunning failure of a number of banks during the recent crisis has put regulatory intervention high on the agenda of governments. Adequate risk monitoring, including by credit rating agencies, measurement, and management have proven to be a daunting task, whereas regulation of innovative...
Persistent link: https://www.econbiz.de/10010840601