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entitled "A call to reform US disclosure-based regulation" (available at http://ssrn.com/abstract=1556542) … corporate and systemic crises by strengthening disclosure requirements. US disclosure-based regulation, however, suffers from … the length of discussion. US policymakers could also bolster the SEC’s authority to impose substantive regulation so that …
Persistent link: https://www.econbiz.de/10014190415
Atlantic. We show that the regulation of bankers' pay is presently more detailed and less flexible in Europe than in the US …
Persistent link: https://www.econbiz.de/10013091649
and political markets to spur deregulation and riskier lending and investment, which in turn contributes to the severity … of a financial crisis: 1) Regulation creates two categories of financial institutions. The first class faces greater … profits. 2) These additional profits leads to calls for deregulation to enable the first class to participate in lucrative …
Persistent link: https://www.econbiz.de/10013148106
becoming a new area for regulation and supervision post-crisis.• The conclusion reached is that the crisis generated a race to …
Persistent link: https://www.econbiz.de/10013136173
deregulation trend that provided executives with unprecedented managerial discretion as the 20th century drew to a close. With …
Persistent link: https://www.econbiz.de/10013061835
structures and despite the European Union’s adoption of UK-style control shift regulation.3. The three sample jurisdictions … proportion of the appointment rights from shareholders to employees have not found their way into legal reform in the US or the …
Persistent link: https://www.econbiz.de/10013239424
This article addresses the proposition advanced by academic and press commentators that European corporation law promotes stockholder welfare better than its U.S. counterpart. Those who express that view often point to the stronger rights afforded to stockholders under the laws of the European...
Persistent link: https://www.econbiz.de/10011496242
We study the effect of bank merger deregulation on market structure and wages in the banking industry. We show that … state deregulation of bank mergers and acquisitions increased the market share of large, multi-state banks and lowered wages …. Deregulation had no measurable effect on employment within the banking industry, and no direct effect on banking …
Persistent link: https://www.econbiz.de/10013403901
From the start of China's "corporatization without privatization" process in the late 1980s, a Chinese corporate governance regime apparently shareholder-empowering and determined by enabling legal norms has been altered by mandatory governance mechanisms imposed by a state administrative...
Persistent link: https://www.econbiz.de/10013032062
This essay, based on the author's presentation last September to the annual meeting of the North American Securities Administration Association (NASAA), addresses several issues related to Rule 506, the most widely-used of the SEC's transactional exemptions from federal registration of...
Persistent link: https://www.econbiz.de/10013149128