Showing 1 - 10 of 333
nature of local political control in the UK from 1993 to 2003. Since local politicians directly control planning regulation … independent retailers between 1998 and 2004 can be attributed to the perverse effect of planning regulation. …
Persistent link: https://www.econbiz.de/10010746338
We propose a management insulation index based on banks’ charter and by-law provisions and on the provisions of the applicable state corporate law that make it difficult for shareholders to oust a bank’s management. We show that banks in which managers were more insulated from shareholders...
Persistent link: https://www.econbiz.de/10011126189
This paper presents a policy proposal for building a new framework for gathering, measuring and disclosing financial risk information in the global economy. The paper examines the current state of the financial risk framework, notes its advantages and disadvantages and proposes a new construct...
Persistent link: https://www.econbiz.de/10011163501
financial crisis, we need to understand the framework of law, regulation, self-regulation and professional incentives that … play in the system of corporate governance, the ways in which law and regulation recognize that role, and the extent to …
Persistent link: https://www.econbiz.de/10011071271
Really Responsive Regulation seeks to add to current theories of enforcement by stressing the case for regulators to be …
Persistent link: https://www.econbiz.de/10010744983
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 article explores the political rhetoric surrounding principles …
Persistent link: https://www.econbiz.de/10010745006
from the history of financial market regulation. …
Persistent link: https://www.econbiz.de/10010746149
The paper decomposes a geographical concentration index to examine the temporal scope of a spillover, which is the period of time over which one firm’s activity directly affects the location of other firms’ activities. Natural advantages are fixed over reasonably long time periods, but if...
Persistent link: https://www.econbiz.de/10011125978
We identify the impact of local firm concentration on incumbent performance with a quasi natural experiment. When Germany was divided after World War II, many firms in the machine tool industry fled the Soviet occupied zone to prevent expropriation. We show that the regional location decisions...
Persistent link: https://www.econbiz.de/10011126565
This paper introduces a novel analysis of the classic “persistence of leadership” question, and applies it to a newly constructed dataset for Japanese manufacturing. The analysis rests on an appeal to an empirical “scaling relationship” between current market share and the variance of...
Persistent link: https://www.econbiz.de/10011071229