We contribute to the debate about the future of capital markets and corporate finance, which has ensued against the background of a significant boom in...
This paper examines the economic effects of changes in securities regulation. We analyze two key directives in the European Union (EU) that tightened...
We consider a model in which the threat of bank liquidations by creditors as well as equity-based compensation incentives both discipline bankers, but...
The regulation of related party transactions (RPTs) is today the single most important yardstick for the quality of corporate governance systems. It is...