This study investigates how government policies affect the market environment and enterprise practices. We conduct a quasi-natural experiment, with a treatment group based on enterprises' investment circumstances to examine the impact of the Fair Competition Review System (FCRS) on enterprise...

This study investigates by adopting a legal view how feasible could be for stablecoins to prevent price and financial instability. The composition, reliability and stability features of the reserves backing stablecoins as well as the consequent perspectives for acquiring the 'legal tender' label...

Deepening institutional instability, increasing regulatory uncertainty, and growing infrastructure imbalances in the context of a full-scale war in Ukraine have created a threat to the sustainability of the investment environment, which has led to the need to rethink the factors of its formation...

This study examines the effect of tax complexity on the market value of publicly traded firms. Using firm-level measures of tax complexity, we find that a one standard deviation increase in tax complexity-comparable in magnitude to the rise following the U.S. Tax Cuts and Jobs Act-is associated...

The paper investigates the influence of creditor rights reforms on leverage. Based on a partial equilibrium agency cost model, we propose a novel channel running from the owner/manager's private bankruptcy costs to leverage. Such costs mitigate the firms' agency problem toward creditors, thereby...

The primary aim of this study is to provide a comprehensive overview and critical assessment of the regulatory framework governing the development and deployment of ocean energy technologies in selected EU Member States. The study focuses on identifying the regulatory barriers that hinder the...

This in-depth analysis (IDA) has been drafted to assist the European Parliament's Committees on Budgetary Control (CONT) and Budgets (BUDG) in the context of their work on an implementation report on the Rule of Law Conditionality Regulation. Based on publicly available information, it provides...