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Regulating Banking Bonuses in the European Union : A Case Study in Unintended Consequences
Murphy, Kevin J. - 2013
On 27 February 2013, the European Union (EU) reached a provisional deal to limit the amount of bankers' bonuses to the amount of fixed remuneration (i.e., a one-to-one ratio); the cap could be increased to 2:1 with the backing of a supermajority of shareholders. I demonstrate that the pending EU...
Persistent link: https://www.econbiz.de/10013084963
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Self-Perception of the Internal Audit Function within the Corporate Governance System -- Empirical Evidence for the European Union
Eulerich, Marc - 2017
Internal audit (IA) is theoretically considered a key element of modern corporate governance. Surprisingly, the existing knowledge on IA and its relation to the internal corporate governance structure is miscellaneous and rare. Consequently, empirical findings on the internal audit function...
Persistent link: https://www.econbiz.de/10012972509
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Features, Facts and Figures of European Cooperative Banking Groups Over Recent Business Cycles
Groeneveld, Hans M. - 2014
This paper complements the existing scarce literature on financial cooperatives in various ways. First, we describe the background and evolution of European Cooperative Banking Groups (ECBGs). Second, we summarize the main reasons for the past disregard and recent revaluation of the cooperative...
Persistent link: https://www.econbiz.de/10013052602
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Reforming SOEs in Asia : lessons from competition law and policy in India
Singh, Vijay Kumar - 2019
India is one of the most significant countries of Asia, particularly in terms of its population and growing economy and markets. India has rapidly moved from a 'command and control' economy to free-market principles, and in this regard, one of the major reforms revamped the competition law. The...
Persistent link: https://www.econbiz.de/10012137042
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Crisis management at cross-roads : challenges facing cross-border financial institutions at the EU level : a joint publication with the Centre for European Policy Studies (CEPS)
Ayadi, Rym (ed.); Lierman, Frank (ed.); Balling, Morten (ed.) - Conference "Crisis Management at Cross-Roads" <2009, …; … - 2010
On 16th November 2009, SUERF, CEPS and the Belgian Financial Forum coorganized a conference "Crisis management at cross-roads" in Brussels. All papers in the present volume are based on contributions at the conference and the SUERF Annual Lecture which followed the event.
Persistent link: https://www.econbiz.de/10011706117
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Legal Obstacles to Institutional Investor Activism in the EU and in the US
Santella, Paolo - 2012
Starting from the observation that at the multilateral level shareholder activism is considered as an important aspect of good corporate governance, this paper examines several legal and economic obstacles to institutional investor activism in the EU and in the US. We find that investors in the...
Persistent link: https://www.econbiz.de/10013109316
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Building and blocking : the two faces of technology acquisition
Grimpe, Christoph; Hussinger, Katrin - 2008
Gaining access to technological assets and patents, in particular, has long been a major motive and objective for firm acquisitions. On the one hand, patents are used as a building instrument for the acquirer's technology portfolio. On the other hand, patents can be attractive because of their...
Persistent link: https://www.econbiz.de/10003810464
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What do premiums paid for bank M&As reflect? : the case of the European Union
Hagendorff, Jens; Hernando, Ignacio; Nieto, María J.; … - 2010
We analyze the takeover premiums paid for a sample of European bank mergers between 1997 and 2007. We find that … supervision and of deposit insurance regimes in Europe has measurable effects on takeover pricing. Stricter bank regulatory … regimes and stronger deposit insurance schemes lower the takeover premiums paid by acquiring banks. This result, presumably in …
Persistent link: https://www.econbiz.de/10008664119
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Europe integrates less than you think : evidence from the market for corporate control in Europe and the US
Umber, Marc; Grote, Michael H.; Frey, Rainer - 2010
National borders are still strong barriers for mergers and acquisitions in Europe. We estimate a gravity equation model based on NUTS 2-regions and find that the restraining impact of national borders decreased by about a third between 1990 and 2007. However, there has been no significant change...
Persistent link: https://www.econbiz.de/10008697426
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European takeover law : the case for a neutral approach
Enriques, Luca - 2010
This paper argues that in revising the Takeover Bid Directive, EU policymakers should adopt a neutral approach toward … kind. Unfortunately, takeover rules cannot be crafted so as to hinder all the bad takeovers while at the same time … current EC legal framework for takeovers overall hinders takeover activity in the EU, the paper identifies three rationales …
Persistent link: https://www.econbiz.de/10008728815