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New Paradigms in Banking, Financial Markets and Regulation?

Ayadi, Rym; masciandaro, donato; Quintyn, Marc G.; … - SUERF - The European Money and Finance Forum

On May 11-12, 2011, SUERF, the Belgian Financial Forum, the Brussels Finance Institute and the Centre for European Policy Studies (CEPS) jointly organised the 29th SUERF Colloquium New paradigms in money and finance? The papers included in this SUERF Study are based on contributions to the...

Persistent link: https://www.econbiz.de/10011070913

SPACs with focus on China

Shachmurove, Yochanan; Vulanovic, Milos - Volkswirtschaftliche Fakultät, … - 2014

for companies from China in period 2004-2011. We offer the evidence that, similarly to evidence from studies on reverse … mergers focusing on China, SPACs that focus on China are not different in their characteristics from other SPACs. We test for … the performance of the SPACs focused on China and show that their performance is not inferior to the performance of other …

Persistent link: https://www.econbiz.de/10011113827

Impossible Frontiers

Lo, Andrew W.; Brennan, Thomas J. - National Bureau of Economic Research (NBER) - 2008

A key result of the Capital Asset Pricing Model (CAPM) is that the market portfolio---the portfolio of all assets in which each asset's weight is proportional to its total market capitalization---lies on the mean-variance efficient frontier, the set of portfolios having mean-variance...

Persistent link: https://www.econbiz.de/10005710882

Economic Factors Influencing Corporate Capital Structure in Three Asian Countries: Evidence from Japan, Malaysia and Pakistan

Mahmud, Muhammad; Herani, Gobind M.; Rajar, Prof. A. W. - In: Indus Journal of Management & Social Science (IJMSS) 3 (2009) 1, pp. 9-17

This study is an attempt to determine the factors that influence a firm’s choice of capital structure in three Asian countries: Japan, Malaysia and Pakistan. The specific objective is to investigate if country’s economic factors play a significant role in determining capital structure...

Persistent link: https://www.econbiz.de/10008492704

Design, Structure and Implementation of a Modern Deposit Insurance Scheme

Bernet, Beat; Walter, Susanna - SUERF - The European Money and Finance Forum

One of the important consequences to be drawn from the course of the financial crisis up to now is the insight that more attention must be paid in the future to the factors of liquidity, liquidity management and liquidity protection. That holds true for the protection of the stability of an...

Persistent link: https://www.econbiz.de/10008556797

Recapitalizing Banks with Public Funds

Enoch, By Charles; Garcia, Gillian; Sundararajan, V. - In: IMF Staff Papers 48 (2001), pp. 3-3

Recapitalizing banks in a systemic crisis is a complex medium-term process that requires significant government intervention and careful management at both the strategic and individual bank levels. This paper examines the range of operational and strategic issues involved and the institutional...

Persistent link: https://www.econbiz.de/10005141989

Recapitalizing Banks with Public Funds

Enoch, By Charles; Garcia, Gillian; Sundararajan, V. - In: IMF Staff Papers 48 (2001), pp. 3-3

Persistent link: https://www.econbiz.de/10005599146

Discounted Private Placements in New Zealand: Exploitation or Fair Compensation?

Anderson, Hamish D. - In: Review of Pacific Basin Financial Markets and Policies … 09 (2006) 04, pp. 533-548

Market commentators have suggested that New Zealand's lax private placement and disclosure regulation allows private placement purchasers to immediately sell discounted shares without disclosing these transactions to the market. However, New Zealand firms with the deepest discounts tend to have...

Persistent link: https://www.econbiz.de/10004977582

The Value of Capital Market Regulation: IPOs versus Reverse Mergers

Carpentier, Cécile; Cumming, Douglas; Suret, Jean-Marc - Centre Interuniversitaire de Recherche en Analyse des … - 2009

We analyze the economic consequences of disclosure and regulation within a context of significant information asymmetry and lenient regulation. In Canada, firms can enter the stock market at a pre-revenue stage by fulfilling each of the requirements of an initial public offerings or using...

Persistent link: https://www.econbiz.de/10005100646

Hedge Fund Leverage

Ang, Andrew; Gorovyy, Sergiy; Inwegen, Gregory B. van - National Bureau of Economic Research (NBER) - 2011

We investigate the leverage of hedge funds in the time series and cross section. Hedge fund leverage is counter-cyclical to the leverage of listed financial intermediaries and decreases prior to the start of the financial crisis in mid-2007. Hedge fund leverage is lowest in early 2009 when the...

Persistent link: https://www.econbiz.de/10008839465