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Governance of Financial Supervisors and its Effects – a Stocktaking Exercise

Quintyn, Marc - 2007

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

The Real Effects of Private Equity Buyouts

Tåg, Joacim - 2010

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

Institution-Driven Comparative Advantage, Complex Goods and Organizational Choice

Ferguson, Shon; Formai, Sara - 2011

The theory of the firm suggests that firms can respond to poor contract enforcement by vertically integrating their production process. The purpose of this paper is to examine whether firms' integration opportunities affect the way institutions determine international trade patterns. We find...

Persistent link: https://www.econbiz.de/10010320321

Central counterparty clearing: constructing a framework for evaluation of risks and benefits

Ripatti, Kirsi - 2004

A Central Counterparty (CCP) is an entity that interposes itself between transacting counterparties - a seller vis-à-vis the original buyer and a buyer vis-àvis the original seller - to guarantee execution of the transaction.Thus, the original transacting parties substitute their contractual...

Persistent link: https://www.econbiz.de/10012147928

Are firm- and country-specific governance substitutes? Evidence from financial contracts in emerging markets

Francis, Bill; Hasan, Iftekhar; Song, Liang - 2012

We investigate how borrowers corporate governance influences bank loan contracting terms in emerging markets and how … this relation varies across countries with different country-level governance. We find that borrowers with stronger … corporate governance obtain favorable contracting terms with respect to loan amount, maturity, collateral requirements, and …

Persistent link: https://www.econbiz.de/10012148146

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

The real effects of private equity buyouts

Tåg, Joacim - 2010

Persistent link: https://www.econbiz.de/10008654164

Institution-driven comparative advantage, complex goods and organizational choice

Ferguson, Shon; Formai, Sara - 2011 - This version: August 2011

Persistent link: https://www.econbiz.de/10009382375

Do private equity owners increase risk of financial distress and bankruptcy?

Tykvová, Tereza; Borell, Mariela - 2011

There is some controversy on the key sources of success in the private equity model and on how this business model affects the portfolio companies. We investigate financial distress risks of European companies around the buyout event in the period between 2000 and 2008. In addition, we analyze...

Persistent link: https://www.econbiz.de/10009424110

Economic crisis and share price unpredictability : reasons and implications

Fox, Edward G.; Fox, Merritt B.; Gilson, Ronald J. - 2014

During the recent financial crisis, there was a dramatic spike, across all industries, in the volatility of individual firm share prices after adjustment for movements in the market as a whole. In this Article, we demonstrate that a similar spike has occurred with each major downturn in the...

Persistent link: https://www.econbiz.de/10010259665