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Efficient Markets and the Law: A Predictable Past and an Uncertain Future
Hu, Henry T.C. - In: Annual Review of Financial Economics 4 (2012) 1, pp. 179-214
This article analyzes the manifold situations in which the efficient-market hypothesis (EMH) has influenced—or has failed to influence—federal securities regulation and state corporate law, and the prospective roles for the EMH in these contexts. In federal securities regulation, the EMH has...
Persistent link: https://www.econbiz.de/10010603964
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Local Ownership as Private Information: Evidence on the Monitoring-Liquidity Trade-Off
Gaspar, José-Miguel; Massa, Massimo - C.E.P.R. Discussion Papers - 2004
show that informed ownership improves the quality of governance of the firm and induces value-enhancing decisions (less …
Persistent link: https://www.econbiz.de/10005497985
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Corporate governance and pension fund performance
Kowalewski, Oskar - In: Contemporary economics 6 (2012) 1, pp. 14-44
This study provides new evidence on the impact of governance on the performance of privately defined contribution … pension plans. Using a hand collected data set on governance factors, the study shows that the external and internal … governance mechanisms in pension plans are weak. One explanation for this weakness is the potential conflict between the pension …
Persistent link: https://www.econbiz.de/10009767046
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Communicating pension risk to DC plan members : the Chilean case of a pension risk simulator
Antolín Nicolás, Pablo; Fuentes, Olga - 2012
The purpose of this paper is to discuss a few issues related to how best to communicate uncertainty about projections of future pension benefits to members of DC plans, and especially to present a pension risk simulator developed by the Chilean regulator (Superintendencia de Pensiones, SP) that...
Persistent link: https://www.econbiz.de/10009684018
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The role of institutional investors in financing clean energy
Kaminker, Christopher; Stewart, Fiona - 2012
Decarbonising the world?s energy system, moving towards a resource efficient economy and providing energy access for all will require doubling existing investment levels to around USD 2 trillion a year or 2% of GDP. Governments understand that large sums of capital will be required, and many are...
Persistent link: https://www.econbiz.de/10009684027
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UK pension sustainability and fund manager governance : agent duties to the principal
Shevchenko, Kira; McManus, Richard; Haddock-Fraser, Janet - In: Journal of sustainable finance & investment 5 (2015) 4, pp. 205-209
Persistent link: https://www.econbiz.de/10011567313
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Climate change and the fiduciary duties of pension fund trustees : lessons from the Australian law
Barker, Sarah; Baker-Jones, Mark; Barton, Emilie; … - In: Journal of sustainable finance & investment 6 (2016) 3, pp. 211-244
Persistent link: https://www.econbiz.de/10011722996
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Introduction to the special issue on sustainable pensions : do sustainable pensions require sustainable investments?
Autenne, Alexia; Degoli, Maria-Cristina; … - In: European journal of social security 23 (2021) 3, pp. 191-199
Persistent link: https://www.econbiz.de/10014476959
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How fiduciary duty law incentivises investors to manage sustainability risks
Strakodonskaya, Liudmila - In: European journal of social security 23 (2021) 3, pp. 264-278
Persistent link: https://www.econbiz.de/10014476971
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Issues in Private-Sector Finance in Israel
Hemmings, Philip - Economics Department, Organisation de Coopération et … - 2011
The 2008-09 global financial crisis did not result in the failure of any major financial institution in Israel, but it did reveal vulnerabilities in the non-banking sector . particularly in the corporate-bond market. Conservative regulation of the banking sector helped this segment avoid a...
Persistent link: https://www.econbiz.de/10009386332