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Forms and paradoxes of principles-based regulation
Black, Julia - London School of Economics (LSE) - 2008
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...
Persistent link: https://www.econbiz.de/10010745006
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The inherent limits of ‘legal devices’: lessons for the public sector's central counterparty prescription for the OTC derivatives markets
Braithwaite, Jo - London School of Economics (LSE) - 2011
In the wake of the financial crisis considerable momentum has built up behind proposals to extend central counterparty (CCP) clearing in the over-the-counter derivatives markets. However, implementation is proving complex. This paper argues that one cause of this complexity is that the public...
Persistent link: https://www.econbiz.de/10010745410
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The Anglo-Saxon market for corporate control, the financial system and international competitiveness: notes for the Notre Dame conference on "strengthening U.S. competitiveness"
Singh, Ajit - Volkswirtschaftliche Fakultät, … - 1993
. The two countries share a broadly common framework of corporate law and possess the most advanced and complete stock … markets in the world. As far as the corporate sector is concerned, in both countries, the financial system is more or less … similar, being dominated by the stock market and a vigorously functioning market for corporate control. In principle, the …
Persistent link: https://www.econbiz.de/10011109519
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Internal finance and corporate investment: Belgian evidence with panel data
Barran, Fernando; Peeters, Marga - Volkswirtschaftliche Fakultät, … - 1998
In this paper the corporate investment decision under financial restrictions is investigated with Belgian firm data … source of corporate investment in Belgium since 1986. The estimation results show the dependence of corporate investment on …
Persistent link: https://www.econbiz.de/10008836729
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DO MARKET LISTING AND SIZE ENTAIL BEHAVIOURAL DIFFERENCES?
BELLETANTE, Bernard; PARANQUE, Bernard - EconWPA - 2000
It is possible to study companies according to their methods of gaining access to finance, and in particular the stock market. Two approaches are possible. The first looks at the organisation of such access through the relationships built up by the company with suppliers of capital, enabling the...
Persistent link: https://www.econbiz.de/10005134889
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Structuring and Restructuring Sovereign Debt: The Role of Seniority
Bolton, Patrick; Jeanne, Olivier - National Bureau of Economic Research (NBER) - 2005
inefficiency requires a sovereign debt restructuring mechanism that fulfills some of the functions of corporate bankruptcy regimes …
Persistent link: https://www.econbiz.de/10005829198
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How Does Corporate Governance Risk at Home Affect Investment Choices Abroad?
Kim, Woochan; Wei, Shang-Jin; Sung, Taeyoon - National Bureau of Economic Research (NBER) - 2008
disparity only after the Asian financial crisis. These results suggest that the nature of corporate governance in international …
Persistent link: https://www.econbiz.de/10005830032
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Cross-Border Valuation: The International Cost of Equity Capital
Bodnar, Gordon M.; Dumas, Bernard; Marston, Richard D. - National Bureau of Economic Research (NBER) - 2003
How does a firm in one country evaluate an investment in a firm in another country, or how does it evaluate a foreign project that the firm itself is undertaking? The firm must estimate future free cash flows just as in a domestic project, but choosing an appropriate discount rate is a...
Persistent link: https://www.econbiz.de/10005830915
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Corporate Hedging and Shareholder Value
Aretz, Kevin; Bartram, Söhnke M. - Volkswirtschaftliche Fakultät, … - 2009
According to financial theory, corporate hedging can increase shareholder value in the presence of capital market …
Persistent link: https://www.econbiz.de/10005835392
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The Use of Options in Corporate Risk Management
Bartram, Söhnke M. - Volkswirtschaftliche Fakultät, … - 2004
exposures, linear as well as nonlinear. In particular, options are a useful component of corporate risk management if exposures …
Persistent link: https://www.econbiz.de/10005835643