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default spreads for affected firms, suggesting that differences in risk-taking preferences between male and female directors …
Persistent link: https://www.econbiz.de/10012897824
The central problem for financial regulation is reducing systemic risk. Systemic risk is the risk that the failure of … paper addresses the five most important policies for dealing with systemic risk: the imposition of capital requirements, the … related limitations on bank size would not reduce systemic risk …
Persistent link: https://www.econbiz.de/10013143703
This article compares the direct regulation of hedge funds in the U.S. prior to the Dodd-Frank Act with the direct … regulatory measures to address potential systemic risks of hedge funds ensued in its aftermaths. The direct regulation involves … regulatory measures focusing immediately on the regulation of the target industry. In contrast, the imperatives or commands of …
Persistent link: https://www.econbiz.de/10013054911
This paper is an empirical assessment of the comparative efficiency of governance structures in an environment marked by high uncertainty. We analyze the short-term impact of retail deregulation on the productive efficiency of electric utilities in the United States. We argue that there are...
Persistent link: https://www.econbiz.de/10014031113
Persistent link: https://www.econbiz.de/10011690739
Persistent link: https://www.econbiz.de/10011344534
This paper examines the economic consequences of institutional investors outsourcing research and voting decisions in public company elections to proxy advisory firms. We investigate the implications of these decisions in the context of shareholder say-on-pay voting required in 2011 under the...
Persistent link: https://www.econbiz.de/10011523687
recourse to stock lending and other forms of separation of financial risk from voting rights seems to be practiced more by …
Persistent link: https://www.econbiz.de/10013109316
Persistent link: https://www.econbiz.de/10010203946
Most research focuses on the role of audit committees in the private sector and less in the public sector, especially public hospitals. Therefore, we investigate the role and quality of public hospital audit committees in controlling problems in financial reporting and in major Federal award...
Persistent link: https://www.econbiz.de/10014180910