Stablecoin issuers can become subject to runs just like banks. This is because, in the absence of adequate regulation, issuers are incentivised to hold disproportionate amounts of high-yielding but illiquid assets in their reserve portfolios. The value of such reserve assets may be overly...

It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using "Content here, content here", making it look like readable...

Eigenschaften wie z. B. hohe Flexibilität, schnelle Entscheidungsprozesse oder Langfristorientierung begünstigen die Transformationsanstrengungen mittelständischer Unternehmen. Jedoch fehlt es insbesondere dem kleineren Mittelstand oft an zeitlichen und finanziellen Mitteln, um die grüne...

Decarbonizing Brazil's road freight transport sector is essential to achieving the country's 2050 emission targets. To scale this effort, Brazil must transition from diesel-powered trucks to low- and zero-carbon alternatives powered by electricity or hydrogen, each requiring substantial...

Purpose: This article evaluated the decline of registered auditors (RAs) and its impact on the future of the assurance industry in South Africa. Auditors play a critical role in ensuring the transparency, trust, and credibility of financial statements. The decrease in the number of registered...

This study emphasizes three solid questions: (i) the extent to which African banking systems are globalized; (ii) the role of regulation and technology in this process; and (iii) whether economic globalization reinforces banking stability. We conceptualize financial globalization through two...

The growing compensation disparity between CEOs and employees has become a global concern, underscoring the need for regulatory measures to ensure fair and equitable remuneration practices. Drawing insights from China's government regulation of CEO compensation (GRCC) for state-owned enterprises...

Despite growing awareness, the global regulation of facial recognition technology (FRT) remains fragmented, much like the governance of Artificial Intelligence (AI). International initiatives from the United Nations (UN), Organisation for Economic Co-operation and Development (OECD), and World...

This study examines the impact of margin loans and accompanying regulatory changes on the underpricing of initial public offerings (IPOs) in Türkiye, with a focus on the wave of IPOs from 2020 to 2023-a period during which the number of IPOs and proceeds from them reached record highs....

In a model of asymmetric regulation, a firm can comply with two regulatory targets, and a regulator can audit the firm for compliance. Inspection by the regulator is imperfect, and it assesses the firm’s compliance with the targets with different success probabilities. The firm fully complies...

Fresh agricultural products have significant seasonality and perishability, and their cross-regional sales often face differences in market demand, price, and sales volume. In the context of government quality regulation, competition among retailers in different regions drives supply chain...

This paper investigates the efficiency effects of governing vertical relationships by analyzing the incentives of firms to engage in exclusive contracts. In particular, the analysis focuses on the subcontracting context. When a downstream firm possesses a superior bargaining position, upstream...