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Internal Dealing and Insider Trading : Focus on Financial Market Discipline in Italy Empirical Research Findings

Tardivo, Giuseppe - 2011

After an accurate analysis of European and Italian laws and rules regarding market transparency, confidential information abuse, and internal dealing, we decided to x-ray all S&P MIB Corporations at 2006/12/29 (insiders buy and sell transactions) during the 2003-2006 period, in order to verify...

Persistent link: https://www.econbiz.de/10013119438

Forensic Finance : Market Abuse and Price Manipulation in Security Markets on the Trail

Corluka, Marija - 2012

On 19th March 2009, several national newspapers in Austria reported on a “turbo scandal” that had been suspected on the Vienna Stock Exchange for several years. Concerned investors argued that the issuers of turbo certificates tried to raid the underlying prices of these down-and-out call...

Persistent link: https://www.econbiz.de/10013096321

Financial crime and punishment: a meta-analysis

Batz, Laure de; Kočenda, Evžen - 2020

We examine how the publication of intentional financial crimes committed by listed firms is interpreted by financial markets, using a systematic and quantitative review of existing empirical studies. Specifically, we conduct a meta-regression analysis and investigate the extent and nature of the...

Persistent link: https://www.econbiz.de/10012297534

Financial crime spillovers : does one gain to be avenged?

Batz, Laure de - 2019

This paper examines the spillovers of the sanction procedures on listed companies which were victims of others' financial regulatory breaches (i.e. regulated entities or individuals). Market manipulators can be investigated and possibly sanctioned for doing so, according to the French...

Persistent link: https://www.econbiz.de/10012033775

Financial impact of regulatory sanctions on French listed companies

Batz, Laure de - 2018

This paper assesses the information content of sanctions of listed companies pronounced by the French Financial Market Authority, through reactions from financial markets over the period 2004 to 2016. We answer whether, for a listed company, being named in a sanction report, as an offender, an...

Persistent link: https://www.econbiz.de/10011845161

Pricing initial public offerings in premature capital markets : the case of Hungary

Schindele, Ibolya; Perotti, Enrico C. - 2002

This paper investigates the determinants of underpricing at initial public offerings in theHungarian Initial Public … discount at privatization IPOs than at private issues, and a positive relation between underpricing and the proportion of … that the transition related determinants of underpricing disappear as the securities market becomes more mature. …

Persistent link: https://www.econbiz.de/10011598328

The influence of information costs on the integration of financial markets : Northern Europe, 1350-1560

Volckart, Oliver (contributor) - 2006

In this paper, the influence of information costs on the integration of Northern European financial markets between ca. 1350 and 1560 is explored. The approach is based on splitting information costs into their constitutive components and on measuring one of these, i.e. the costs of transmitting...

Persistent link: https://www.econbiz.de/10003375763

Public borrowing in harsh times : the league of nations loans revisited

Flores Zendejas, Juan; Decorzant, Yann - 2012

Persistent link: https://www.econbiz.de/10009667300

Corporate ownership and control in Victorian Britain

Acheson, Graeme G.; Campbell, Gareth; Turner, John D.; … - 2014

Using ownership and control data for 890 firm-years, this paper examines the concentration of capital and voting rights in British companies in the second half of the nineteenth century. We find that both capital and voting rights were diffuse by modern-day standards. This implies that ownership...

Persistent link: https://www.econbiz.de/10010235904

Stress scenarios from the tails of historical distributions of macro-financial risk factors in Denmark

Abildgren, Kim - 2013

The paper puts the outcome during the most recent financial crisis in a historical perspective by taking a closer look at the frequency of extreme events in the economic history of Denmark, in some cases based on time series back to the late 1600s. We focus on the frequency distribution of a...

Persistent link: https://www.econbiz.de/10010199517

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