Showing 1 - 10 of 9,130
This paper studies the impact of regulation on IPO markets using historical data. Regulatory interventions have …
Persistent link: https://www.econbiz.de/10011264346
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 “law and finance” wisdom that legally mandated investor protection is pivotal to the development of capital markets. IPOs that resulted in...
Persistent link: https://www.econbiz.de/10009226926
This paper examines the optimal design and consequences of financial disclosure regulation. Our model represents the … regulation as creating a real option for an investor to delay investment until information is disclosed. We find conditions on … investment opportunities that ensure that regulation raises or lowers investor profits. We also find that investment typically …
Persistent link: https://www.econbiz.de/10011234838
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
Market commentators have suggested that New Zealand's lax private placement and disclosure regulation allows private …
Persistent link: https://www.econbiz.de/10004977582
&P, either directly from its own regulation or indirectly from changes in the banking sector regulation and strategies. After … discussing the relevant characteristics of the different pieces of regulation, this study concludes that there is a great … is a common challenge about how to reconcile more risk-sensitive regulation with the search for a yield in a world with …
Persistent link: https://www.econbiz.de/10010795000
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 �law and finance� wisdom that legally mandated investor protection is pivotal to the development of capital markets. IPOs that resulted...
Persistent link: https://www.econbiz.de/10009193031
Competitive markets could yield socially optimum results, but although market fail in many cases. If the regulation is … to preserve competition gain importance. Regulation could be conceived as an evolutionary process starting in natural … monopoly regulation and ending in competition policy. In many cases, competition is infeasible with the current state of the …
Persistent link: https://www.econbiz.de/10009141326
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
Remarks at the Fordham Journal of Corporate Counsel & Financial Law Symposium, Fordham Law School, New York City.
Persistent link: https://www.econbiz.de/10011165182