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Principles-based regulation is high on the regulatory agenda in a number of regulatory domains, most particularly financial regulation. Its supporters argue that it provides a flexible regulatory regime which can facilitate innovation; its detractors argue that it is simply lax regulation. This...
Persistent link: https://www.econbiz.de/10010745006
In the wake of the financial crisis considerable momentum has built up behind proposals to extend central counterparty (CCP) clearing in the over-the-counter derivatives markets. However, implementation is proving complex. This paper argues that one cause of this complexity is that the public...
Persistent link: https://www.econbiz.de/10010745410
It is possible to study companies according to their methods of gaining access to finance, and in particular the stock market. Two approaches are possible. The first looks at the organisation of such access through the relationships built up by the company with suppliers of capital, enabling the...
Persistent link: https://www.econbiz.de/10005134889
In this paper the corporate investment decision under financial restrictions is investigated with Belgian firm data … source of corporate investment in Belgium since 1986. The estimation results show the dependence of corporate investment on …
Persistent link: https://www.econbiz.de/10008836729
. The two countries share a broadly common framework of corporate law and possess the most advanced and complete stock … markets in the world. As far as the corporate sector is concerned, in both countries, the financial system is more or less … similar, being dominated by the stock market and a vigorously functioning market for corporate control. In principle, the …
Persistent link: https://www.econbiz.de/10011109519
’ balance sheets deteriorated between the fourth quarters of 1993 and 1995, which points the possibility of corporate roots of …
Persistent link: https://www.econbiz.de/10010325528
The paper studies risk mitigation associated with capital regulation, in a context when banks may choose tail risk assets. We show that this undermines the traditional result that higher capital reduces excess risk-taking driven by limited liability. When capital raising is costly, poorly...
Persistent link: https://www.econbiz.de/10010326052
This paper examines the potential benefits of security fungibility by conducting the first comprehensive analysis of Global bonds. Unlike other debt securities, Global bonds’ fungibility allows them to be placed simultaneously in bond markets around the world; they trade, clear and settle...
Persistent link: https://www.econbiz.de/10011604472
This study investigates the determinants for the use of derivatives by firms in the Indian market. Using a sample of 433 firms listed in the National Stock Exchange (NSE) in India for the period 2013-2018, we find that firm size, debt to equity, turnover, price-earnings ratio and the magnitude...
Persistent link: https://www.econbiz.de/10012611363
הקפיטליזם שולט בעולם. דיונים סוערים מתנהלים בין המלומדים הממסדיים לבין "הביקורתיים" על טיבו של הקפיטליזם הגלובלי. הבעיה היא שטיבו של המוסד המרכזי בקפיטליזם -- ההון...
Persistent link: https://www.econbiz.de/10014279345