The subject of the article is creation of the effective system of financial regulation, most fitting to the needs of economic development of Russia and the structural characteristics of the domestic financial market. Having analyzed international experience to-date with integrated financial...

We empirically investigate whether increases in the U.S. Securities and Exchange Commission’s (SEC) budget have an effect on firms’ compliance behavior with securities market rules. Our study uses a dataset on the SEC’s resources and its enforcement actions over a period beginning shortly...

We study the location and timing of annual shareholder meetings. When companies move their annual meetings a great distance from headquarters, they tend to announce disappointing earnings results and experience pronounced stock market underperformance in the months after the meeting. Companies...

National laws—according to the extent of the given crisis—differentiate between restructuring and insolvency proceedings. The various decisions made by the economic players are influenced not only by specific insolvency laws, but also by the framework itself, i.e. the interconnection of...

Cet article porte sur les transformations en cours du corporate governance au Japon, domaine d'observation privilégié de la crise nippone au cours de la décennie quatre-vingt-dix. Ce travail s'inscrit dans un courant plus large de travaux cherchant à analyser la transition d'un système de...