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Legal protection of investors, corporate governance, and investable premia in emerging markets
Kinsella, Stephen; O'Connor, Thomas; O'Sullivan, Vincent - Geary Institute, University College Dublin - 2011
We examine the interaction between the legal protection of investors, corporate governance within firms, institutional development between countries, and investable premia in emerging markets. In a multi country setting and using a novel dataset we find that better-governed firms experience...
Persistent link: https://www.econbiz.de/10009249165
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Value at Risk (VaR) and the alpha-stable distribution
Frain, John C. - Department of Economics, Trinity College Dublin - 2008
Volatility in financial markets is a matter of considerable concern to financial institutions and their supervisors. Already it is clear that this volatility has had an adverse effect on the real economy. Many measures of risk that are used today do not take full account of the kind of extreme...
Persistent link: https://www.econbiz.de/10005729332
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2012-12 On the Ethics of Short Selling
Bianchi, Robert J; Drew, Michael E - Department of Accounting, Finance and Economics, …
Persistent link: https://www.econbiz.de/10010797743
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Law and structure of the capital markets
Gu, Xian; Kowalewski, Oskar - Volkswirtschaftliche Fakultät, … - 2014
In this paper, we examine whether legal systems affect the structure of capital markets in terms of the development of bond markets versus equity markets. Using a dataset of 42 developed and developing countries, we document that a country's legal system, especially investor protections,...
Persistent link: https://www.econbiz.de/10011110744
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Neue regulatorische Konzepte der Bankenaufsicht und ihre Auswirkungen auf die Gesamtbanksteuerung
Noack, Tim; Cremers, Heinz; Mala, Julia - Frankfurt School of Finance and Management - 2014
The Basel III framework represents the response to the regulation deficits of the financial cri-sis and the immense losses of many banks in years 2007/2008. The aim of the framework is to increase the level of capital in financial institutions and to improve the loss absorption and risk coverage...
Persistent link: https://www.econbiz.de/10010957486
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On Competition in the Banking Sector in Poland and Europe Before and During the Crisis / Jak kszta³towa³a siê konkurencja w sektorze bankowym w Polsce i w Europie przed kryzysem i...
Pawlowska, Malgorzata - CASE-Center for Social and Economic Research - 2015
In the past decades, the banking sector has come to be known in literature as the banking industry as it was geared to increasing profits, banks were growing, and banking products developed dynamically. It was believed that competition in the banking sector makes banks more efficient and...
Persistent link: https://www.econbiz.de/10011206976
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Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
Cull, Robert; Li, Wei; Sun, Bo; Xu, Lixin Colin - Federal Reserve Board (Board of Governors of the … - 2015
, likely the engine for innovation in the coming years in China, are especially financially constrained, due perhaps to the …-the-big-and-letting-go-the-small' privatization program in China. Our empirical results suggest that government connections play an important role in explaining … Chinese firms' financing conditions, and provide further evidence on the nature of the misallocation of credit by China …
Persistent link: https://www.econbiz.de/10011269077
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The Current State of the Financial Sector and the Regulatory Framework in Asian Economies—The Case of the People’s Republic of China
Ping, Luo - East Asian Bureau of Economic Research (EABER) - 2011
People’s Republic of China (PRC) is now on a faster track in adopting international standards. However, the key issue for …
Persistent link: https://www.econbiz.de/10009652192
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The Current State of the Financial Sector and the Regulatory Framework in Asian Economies—The Case of the People’s Republic of China
Ping, Luo - East Asian Bureau of Economic Research (EABER) - 2011
People’s Republic of China (PRC) is now on a faster track in adopting international standards. However, the key issue for …
Persistent link: https://www.econbiz.de/10009652205
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China’s Regulatory Framework for Outward Foreign Direct Investment
Sauvant, Karl P.; Chen, Victor Zitian - East Asian Bureau of Economic Research (EABER) - 2013
China has become the world’s third largest outward investor, behind the United States and Japan. A growing body of …
Persistent link: https://www.econbiz.de/10011134328