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This paper, which forms part of the first phase of the New Special Study of the Securities Markets Project, explores how globalization has affected the operation of securities markets and the challenges this poses for their regulation. In Part I, we discuss how three secular trends –...
Persistent link: https://www.econbiz.de/10012932606
We examine whether Title II of the JOBS Act increases small firms' access to capital. Title II allows firms to sell securities via general solicitations to accredited investors. We find that firms that offer securities via general solicitation tend to be of lower quality. After accounting for...
Persistent link: https://www.econbiz.de/10012833928
Commission's objective is to facilitate access to finance, but also to diversify sources of funding for SMEs, which are …
Persistent link: https://www.econbiz.de/10012961758
on information about SMEs (with an SME's consent) that were unsuccessful in securing bank funding, to so-called finance … platforms whose role is to match SMEs with alternative lenders. The scheme received attention in the UK and elsewhere as an … innovative way to combine information sharing and technology in order to help SMEs gain access to external finance. It was …
Persistent link: https://www.econbiz.de/10012891683
past: that is, of facilitating access to finance for SMEs. In this process, the paper offers a number of suggestions on how … means to improve information issues affecting SMEs in the SME funding market …
Persistent link: https://www.econbiz.de/10013004756
Persistent link: https://www.econbiz.de/10013369686
A stock exchange is a place to list and trade stocks. Many Anglo-American exchanges have seen a dramatic transformation from mutual membership organizations to for-profit and even self-listed corporations. In contrast, China’s exchanges still maintain the “strange” characteristic – they...
Persistent link: https://www.econbiz.de/10014176167
The research questions of this paper are: Has the efficacy of corporate governance improved by the transfer of national bundles of governance practices between jurisdictions? Have more and bigger corporations improved macro economic efficacy? Corporate regulation has substantially increased over...
Persistent link: https://www.econbiz.de/10013055976
focuses on the main corporate governance attributes of Egypt. The paper concludes with an extensive bibliography …
Persistent link: https://www.econbiz.de/10014044793
This study of initial public offerings (IPOs) carried out on the Berlin and London stock exchanges between 1900 and 1913 casts doubt on the received "law and finance" wisdom that legally mandated investor protection is pivotal to the development of capital markets. IPOs that resulted in official...
Persistent link: https://www.econbiz.de/10009232393