Marvão, Catarina M. P.; Potì, Valerio; Spagnolo, Giancarlo - 2023
We test the overarching hypothesis that financial institutions face relatively milder fines due to financial stability concerns. To do so, we use an event study approach on a sample of 441 listed cartel members prosecuted by the European Commission between 1998 and June 2020. Our results suggest...