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The attention for the governance of financial sector supervisors is of a recent date. The debate has risen to the fore … governance debate. We first discuss the main premise of the paper, that regulatory governance plays a pivotal role in instilling … financial sector governance, which in turn is a key source of corporate governance in the nonfinancial sector (the governance …
Persistent link: https://www.econbiz.de/10011704596
Persistent link: https://www.econbiz.de/10003639129
The attention for the governance of financial sector supervisors is of a recent date. The debate has risen to the fore … governance debate. We first discuss the main premise of the paper, that regulatory governance plays a pivotal role in instilling … financial sector governance, which in turn is a key source of corporate governance in the nonfinancial sector (the governance …
Persistent link: https://www.econbiz.de/10011689931
Private equity buyouts have become a common element in the industrial development process. I survey the literature on the real economic effect of buyouts: employment, wages, productivity, and long-run investments. Employment tend to marginally fall after a buyout in most countries studied, with...
Persistent link: https://www.econbiz.de/10010320213
Private equity buyouts have become a common element in the industrial development process. I survey the literature on the real economic effect of buyouts: employment, wages, productivity, and long-run investments. Employment tend to marginally fall after a buyout in most countries studied, with...
Persistent link: https://www.econbiz.de/10008654164
financial firms for the period 1996-2007, I document that the governance of financial firms is, on average, not obviously worse … than in nonfinancial firms. In fact, using simple governance scores and governance indices as measures, banks and nonbank … more independent than in other banks. My results suggest that measures of governance that have been the focus of recent …
Persistent link: https://www.econbiz.de/10013113850
This paper examines whether global insurance mergers and acquisitions (M&As) create value for shareholders by conducting an event study of M&A transactions for the period 1990-2006. Insurance acquirers realized small positive cumulative average abnormal returns (CAARs), whereas targets realized...
Persistent link: https://www.econbiz.de/10012937508
Persistent link: https://www.econbiz.de/10012967860
the portfolio company is located, the higher the probability of a successful exit via IPO or M&A. The larger the … institutional distance between the portfolio company country and the private equity (PE) firm country, the lower the exit success … while PE firms' international experience, industrial experience, and reputation help improve exit success. Further, their …
Persistent link: https://www.econbiz.de/10012849752
In this paper we discuss the continued transition of financial markets towards trade standardization and the clearing of transactions, outlining the role of central clearing counterparties CCPs in reducing systemic and idiosyncratic risk. We contrast this with a discussion on bespoke non-cleared...
Persistent link: https://www.econbiz.de/10012932874