We examine stock and bond market reactions to the key events leading to the passage of the Dodd-Frank Act to provide empirical evidence on the economic impact of the Act on systemically important financial firms. Using large foreign financial institutions and small/medium sized domestic...

We examine how regulatory restrictions on capital market activity affect the compensation contracting environment within firms. This study aims to expand our understanding of how financial market development affects firm risk-taking via management compensation designs. Specifically, taking...