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The EU General Data Protection Regulation (GDPR) of 2018 introduced stringent transparency rules compelling firms to … requirement are objective, and its compliance is easily verifiable; readability, however, is subjective and difficult to enforce … firms. We use text-as-data techniques to construct measures of disclosure and readability and show that firms increased the …
Persistent link: https://www.econbiz.de/10014504790
With the introduction of short-form disclosure documents, financial regulation in the EU emphasizes the use of plain … improve the readability of mandatory product information addressed to mutual fund investors. Applying advanced text mining … algorithms, we benchmark the readability of product information by means of objective and readily replicable methods. While …
Persistent link: https://www.econbiz.de/10014501739
Persistent link: https://www.econbiz.de/10012618160
Persistent link: https://www.econbiz.de/10015080899
This note investigates the effects of the education level, product market rigidities andemployment protection legislation on growth. It exploits macro-panel data for OECDcountries...
Persistent link: https://www.econbiz.de/10005861411
, we elaborate the economic foundations of insurancemarket regulation. Based on three sources of market failure, we derive …, the economic justification for insurance market regulation needs to be evaluated in detail. …
Persistent link: https://www.econbiz.de/10005861472
regulation. However, with the more recentmovement toward a general single EU market, financial services regulation hastaken on … that, ultimately, will determinethe exact form of capital regulation. Our analysis leads us to conclude thatcaution is …
Persistent link: https://www.econbiz.de/10005861545
This article examines the recent regulatory developments with regard to shortselling. Short selling regulation is an … through the regulation ofshort selling.[...] …
Persistent link: https://www.econbiz.de/10005868695
The emerging literature on interaction between strategic trade theoryand privatisation uses a simple example to argue that the irrelevanceresult is invalidated if the domestic market is open to foreigncompetition.This paper uses a fairly general framework to show that anythinga regulated...
Persistent link: https://www.econbiz.de/10005868944
The assessment of capacity credits for wind energy and the value interpretation is reviewed critically. It is shown that the electricity market values the contribution to system reliability with market prices in a more precise way ...
Persistent link: https://www.econbiz.de/10005841087