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When larger market values of equity result in being subject to costly regulation, firms have incentives to shift their sources of financing toward debt and away from equity. We use the Sarbanes-Oxley Act of 2002 (SOX) as a setting to provide evidence of such incentives. Smaller firms were...
Persistent link: https://www.econbiz.de/10012867859
When larger market values of equity result in being subject to costly regulation, firms have incentives to shift their sources of financing toward debt and away from equity. We use the Sarbanes-Oxley Act of 2002 (SOX) as a setting to provide evidence of such incentives. Smaller firms were...
Persistent link: https://www.econbiz.de/10012855940
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customers, and investors -- insight into the operating relationships that best estimate and explain bank profitability; (2) to … understand better the effects of banking statutes, regulations, and policies on bank profitability. The objective, then, is to … operating relationships that best explain bank profitability.The usefulness to bank management of equations that estimate …
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subset of large German banks, we estimate the target level and the adjustment speed of the capital ratio for each bank …
Persistent link: https://www.econbiz.de/10003463725