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nearly every facet of the economy, and as such regulation has motivated a substantial body of academic research. Law and … economics research on regulation has, first, demonstrated the normative justification for governmental intervention in the … marketplace based on the concept of market failure. Second, political economy research on regulation has shown how, as a positive …
Persistent link: https://www.econbiz.de/10012839729
The Dodd-Frank Act, enacted after the global financial crisis, requires U.S. financial regulators to define and regulate systemically risky firms and activities — a truly Sisyphean task. In this Essay, we identify two paths regulators have taken: a “descriptive approach,” which involves...
Persistent link: https://www.econbiz.de/10013011346
-level sources of risk are much easier for corporate governance and regulation to address than risk arising at the systemic level … limited role in the regulation of systemic risk and then relates this discussion to the current state of affairs in the …
Persistent link: https://www.econbiz.de/10014180082
governance and risk regulation in China from a comparative perspective. It surveys corporate governance tools that have been … enterprise, focusing on China’s regulation of internal controls and risk management systems. These internal mechanisms are …
Persistent link: https://www.econbiz.de/10014166244
regulation. It then explores the operation structures of the two deeds and concludes that there are certain inherent risks and …
Persistent link: https://www.econbiz.de/10013020235
ability of any one bank to adjust compensation to reflect risk-taking and long-term outcomes. New regulation must address the …
Persistent link: https://www.econbiz.de/10013035251
After the 2008 financial crisis, over-the-counter derivatives markets were closely examined and determined to be a contributing factor. At the time, the four primary concerns with the derivatives markets were: (1) the limited number of interconnected market players, which raised the risk of...
Persistent link: https://www.econbiz.de/10013310618
Persistent link: https://www.econbiz.de/10014476971
We examine whether the uncertainty related to environmental, social, and governance (ESG) regulation developments is … reflected in asset prices. We proxy the sensitivity of firms to ESG regulation uncertainty by the disparity across the …
Persistent link: https://www.econbiz.de/10014486619
Persistent link: https://www.econbiz.de/10003836147