Showing 11 - 20 of 3,250
intermediary channels of depth, efficiency, activity and size. The findings show that legal origin matters in the finance …
Persistent link: https://www.econbiz.de/10011410386
This paper assesses how legal origin influences financial development through regulation quality and the rule of law …. It employs all the dimensions identified by the Financial Development and Structure Database of the World Bank. The law … size. The results broadly support the benefits of law mechanisms in financial development. The findings only show partial …
Persistent link: https://www.econbiz.de/10011410393
investor protection laws in Britain c.1900 to test the influential law and finance hypothesis. Our evidence suggests that there …
Persistent link: https://www.econbiz.de/10012102541
Persistent link: https://www.econbiz.de/10001580271
I show that public companies disproportionately disclose positive news on days when corporate executives sell shares under predetermined Rule 10b5-1 plans. I find that the likelihood, share volume and dollar volume of insider sales under 10b5-1 plans are higher when good news is disclosed, and...
Persistent link: https://www.econbiz.de/10014351999
Persistent link: https://www.econbiz.de/10012421034
The European Commission published its new Digital Finance Strategy on 24 September 2020 (DFS 2020). One of the … firms a set of exemptions from EU financial law allowing them to test distributed ledger technologies (DLTs) in certain … education of EU regulators about DLTs in this context, which may come to form the basis for foundational changes to EU law. The …
Persistent link: https://www.econbiz.de/10012587627
Persistent link: https://www.econbiz.de/10001598095
Persistent link: https://www.econbiz.de/10014312297
On July 1, 2015, the Securities and Exchange Commission (SEC) proposed an excess-pay clawback rule to implement the provisions of Section 954 of the Dodd-Frank Act. I explain why the SEC's proposed Dodd-Frank clawback, while reducing executives' incentives to misreport, is overbroad. The economy...
Persistent link: https://www.econbiz.de/10011578666