Conditional value at risk (CoVaR) and marginal expected shortfall (MES) have been proposed as stock return based measures of the systemic risk created by individual financial institutions even though the literature provides no formal hypothesis test for detecting systemic risk. Our conclusion is...

Can increasingly predominant shareholders improve the performance of the corporations they own and should they attempt to do so?

Can increasingly predominant shareholders improve the performance of the corporations they own and should they attempt to do so?

This book examines the effects of government intervention on the operations of the freight transportation industry.

The authors consider whether any special circumstances justify departure from free trade in telecommunications equipment.

Carefully researched and comprehensive--a masterful road map to U.S. trade policy and trade law.