In this paper, we empirically examine whether buoyant market conditions in the buyout industry can explain the average post-buyout deterioration in target operating performance in Europe during the period 1999–2009. We show that the average industry-adjusted ratio of target EBITDA to sales...

This paper discusses the European Commission's proposal for a CCP Recovery and Resolution Regulation. In this respect, the article comments the consequences, risks, and attention points for central counterparties and their authorities. This paper focuses on the proposed rules surrounding CCP...

Relying on recent CPMI-IOSCO public quantitative disclosure (PQD) data provided by 35 central counterparties (CCPs) over the 2015-2018 period, this paper empirically explores the risk management practices of central counterparties. We examine whether European CCPs are more prudent relative to...

This article analyses the relationship between the ESG score and the cost of capital of 600 large, mid and small capitalization companies across 17 countries of the European region being a component of the EURO STOXX 600 Index. The article further examines whether the effect is due to the...

In this article, a possible impact of blockchains on OTC derivatives is examined. The distributed ledger technology (DLT), of which blockchains are an operationalisation, has indeed received extensive consideration over the last few years from market participants, financial market...

Using a unique dataset containing 3,989,104 transactions of 338,337 individuals conducted between 1 January 2021 and 1 May 2022, this article is the first to explore whether a war, and specifically the Russo-Ukrainian conflict, induced individuals to change their equity positions. The article...

This article provides a holistic overview and discussion of Regulation (EU) 2002/858 on a pilot regime for market infrastructures based on distributed ledger technology. This article focuses on the new type of innovation that this pilot regime creates, namely a new kind of financial market...

Using a unique dataset of 859 leveraged buyouts in Europe during the period 1999–2009, the authors’ recent study reports that buyout financiers syndicate their transactions to other buyers to achieve benefits that include diversification of different types of target risk, the combination of...

Using a unique dataset containing 3,989,104 transactions of 338,337 individuals conducted between 1 January 2021 and 1 May 2022, this article is the first to explore whether a war, and specifically the Russo-Ukrainian conflict, induced individuals to change their equity positions. The article...

This article examines the impact of the energy crisis, as a consequence of the Russian-Ukrainian conflict, on commodity derivatives trading regulation in Europe. More specifically, as a consequence of gas futures prices being elevated and highly volatile, European legislators introduced on 22...