risk historically received more attention, especially in financial regulation, our analysis shows that volatility clusters …

I test theories of regulation using comprehensive datasets on regulatory changes, equity returns, and firm fundamentals …. I find that firms in industries subject to more regulation earn significantly higher returns than firms in deregulated … changes. Overall, these findings are consistent with regulatory capture and inconsistent with the public interest theory …

Solvency II regulation. The regulatory efficient portfolios are determined using the Non-dominated Sorting Genetic Algorithm II …-exposure to bonds with higher credit risk in different market regimes represents a weakness of the Solvency II regulation with …