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Regional heterogeneity, the rise of public debt and monetary policy in post-bubbles Japan : lessons for the EMU
Fischer, Raphael; Schnabl, Gunther - 2016
, which have been followed by a lasting crisis. The paper analyses the role of a high degree of regional heterogeneity for … public debt and monetary policy in the context of crisis. It is shown for Japan that the attempts to maintain regional … across Japanese regions pre- and post-crisis. The side condition is monetary expansion. A similar effect could emerge in …
Persistent link: https://www.econbiz.de/10011476067
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Shareholder Welfare in Minority Freeze-Out Bids: Are Legal Protections Sufficient? Evidence from the U.S. Market
Bates, Thomas W.; Linck, James S. - In: CESifo DICE Report 05 (2007) 1, pp. 22-27
Persistent link: https://www.econbiz.de/10011696603
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Shareholder Welfare in Minority Freeze-Out Bids: Are Legal Protections Sufficient? Evidence from the U.S. Market
Bates, Thomas W.; Linck, James S. - In: CESifo DICE Report 5 (2007) 1, pp. 22-27
Persistent link: https://www.econbiz.de/10005037326
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Business complexity and risk management : evidence from operational risk events in U.S. bank holding companies
Chernobai, Anna; Ozdagli, Ali; Wang, Jianlin - 2016 - This version: October 2016
How does business complexity affect risk management in financial institutions? The commonly used risk measures rely on either balance-sheet or market-based information, both of which may suffer from identification problems when it comes to answering this question. Balance-sheet measures, such as...
Persistent link: https://www.econbiz.de/10011562964
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The growing problem of horizontal shareholding
Elhauge, Einer - 2017
Horizontal shareholding exists when significant shareholders have stock in horizontal competitors. (It is often imprecisely called "common shareholding," but that term can also apply when shareholders own stock in two noncompeting corporations. It differs from "cross-shareholding," which...
Persistent link: https://www.econbiz.de/10011685455
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New evidence, proofs, and legal theories on horizontal shareholding
Elhauge, Einer - 2018
This Article shows that new economic proofs and empirical evidence provide powerful confirmation that, even when horizontal shareholders individually have minority stakes, horizontal shareholding in concentrated markets often has anticompetitive effects. The new economic proofs show that,...
Persistent link: https://www.econbiz.de/10011810808
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Do financial conglomerates create or destroy economic value?
Schmid, Markus M.; Walter, Ingo - In: Journal of financial intermediation 18 (2009) 2, pp. 193-216
Persistent link: https://www.econbiz.de/10003832433
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A dialogue on the costs and benefits of automatic stays for derivatives and repurchase agreements
Duffie, Darrell; Skeel, David - 2012 - Last rev.: March 04, 2012
, particularly since the 2008 crisis. After some background on QFCs and automatic stays, we provide our joint analysis of the costs …
Persistent link: https://www.econbiz.de/10009504439
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Elective shareholder liability
Conti-Brown, Peter - 2011
incentives for over-bailout, political manipulation, and crisis exacerbation. The proposed structure would also give the …
Persistent link: https://www.econbiz.de/10009506648
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Empirical research on corporate credit-ratings : a literature review
Matthies, Alexander B. - 2013
We report on the current state and important older findings of empirical studies on corporate credit ratings and their relationship to ratings of other entities. Specifically, we consider the results of three lines of research: The correlation of credit ratings and corporate default, the...
Persistent link: https://www.econbiz.de/10009681828