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9 Jul 2023: with their interactions with the provincial-level institutional factors of government quality and financial deregulation. ... The MICP index of financial competition captures the progress of regional financial deregulation, FIN_DREG.

9 Jul 2023: Financial Support from Cambridge Endowment for Research in Finance and the Malaysian Commonwealth Trust is gratefully acknowledged. ... Capital account has been associated with serious economic and financial crises in Asia and Latin America in the 1990s.

9 Jul 2023: 2. Do Stock Markets help Economic Development? The mainstream free market ideology that permeated financial market theory and development economics thinking recommended almost without reservation the establishment of stock markets in ... Parenthetically

9 Jul 2023: in political science (Hall and Taylor 1996), but also in organisation studies (DiMaggio and Powell 1984) and economics (North 1990; Acemoglu and Robinson 2012). ... variables in cross-country governance research in political economy, management, economics

9 Jul 2023: JEL Codes: A12 Relation of Economics to Other Disciplines B400 Economic Methodology: General B540 Feminist Economics K1 Basic Areas of Law N2 Financial Markets and Institutions Keywords: Fiduciary; economic agency; care ... associated disciplines such as

9 Jul 2023: this legal support has led to an increased level of financial development (La Porta et al., 2008). ... in an economy, that is, the scale of lending to firms by banks and other financial institutions.

9 Jul 2023: and creditor protection was correlated with increased financial development (La Porta et al. ... time, resulting in uneven financial development (Acemoglu, Johnson and Robinson, 2001; Rajan and Zingales, 2003; Olsson, 2009; Roe and Siegel, 2011).

9 Jul 2023: These can further reduce the ability of private contracting to neutralise financial agency costs. ... The appropriate choice of minimum financial condition will depend on a number of variables.

9 Jul 2023: AN END TO CONSENSUS? THE SELECTIVE IMPACT OF CORPORATE LAW REFORM ON FINANCIAL DEVELOPMENT. ... Table 1f. Civil law countries Dependent variable: financial indicator. Excluded variable: legal index.

9 Jul 2023: POLIT. ECONOMY 1113 (1998). See also Simeon Djankov et al, The Law and Economics of Self-Dealing (2005), available at http://ssrn.com/abstract=864645 (and J. ... Financial Econ., forthcoming, 2008). 17 See, e.g., Sofie Cools, The Real Difference in

9 Jul 2023: In this new comparative evaluation, certain economists are scathing about the European financial and corporate governance systems. ... financial system has both positive and negative features in relation to promoting technological change.

9 Jul 2023: Their solution was to require managers to prioritise the purely financial interests of the corporation’s shareholders. ... financial crisis – the shareholder primacy model of corporate governance and purpose has been challenged.

9 Jul 2023: 288. By. Jack Glen IFC. and. Ajit Singh. University of Cambridge Faculty of Economics and Politics. ... these interactions for the New International Financial Architecture (NIFA) and the WTO’s Doha Development Round.

9 Jul 2023: JEL Classification Numbers: G28, G29, G38 Keywords: systemic risk, international payments, financial regulation Acknowledgements. ... Receiver risk also exists in RTGS systems when financial institutions are indirect users.

9 Jul 2023: Panel data analyses reveal that financial performance had little causal impact upon diversification. ... Our analyses reveal that economic/financial performance had no causal relationship with diversification.

9 Jul 2023: Society Spring Conference, 2019 FEBS International Conference, 2019 European Economics and Finance Society Conference, and the 2019 EFiC Banking and Corporate Finance Conference for helpful comments and suggestions. ... Our key finding and conclusion is

9 Jul 2023: research has also been carried out on the impact of corporate announcements on financial markets. ... But typically some part of the meeting would be given over to certain technical financial questions.

9 Jul 2023: Finance, Economics and Trade Risks. • Cambridge Centre for Financial History,Dr Duncan Needham, Director. • ... Oxford Economics, Keith Church, SeniorEconomist. • Financial Networks Analytics Ltd., DrKimmo Soramaki, CEO and Founder. •

9 Jul 2023: The top three classes of threats in the 2018 Index are the Natural Catastrophes (with GDP@Risk of $165bn, 30% of total GDP@Risk), Financial, Economics & Trade (GDP@Risk of $142bn, ... 40. 60. 80. 100. 120. 140. 160. 180. Natural Catastrophe Financial,

9 Jul 2023: This theory emphasises the role of corporate financial choices in aligning the interests of shareholders and managers. ... The statistical adjustments in the table arise from the constraints placed on the financial ratios.

9 Jul 2023: Currently, I am supporting Professor Albert Marcet at UCL, where I teach Financial Economics and will also be joining RBC Capital Markets as an investment banking analyst in July. ... 2014) ‘Risk and Expected Returns of Private Equity Investments:

9 Jul 2023: long-term gains from this approach, and where other regulatory factors operate to extend the time-horizon for financial returns. ... Thus regulation is essential. Securities regulation – the body of law governing the issuing and trading of shares and

9 Jul 2023: The sample acquisitions are drawn from the Thomson Financial SDC Mergers Database and the magazine Acquisitions Monthly.

9 Jul 2023: Pedro Saffi Professor in Financial Economics, University of Cambridge. CEAM Activity & Stewardship Report 2022 5. ... Publication: Journal of Financial Economics (JFE), Forthcoming. Practical Applications of Divergent ESG Ratings.

9 Jul 2023: as financial traders or, from a management perspective, as politically powerful resource providers. ... the chief financial officer) of a quoted company and their main institutional investors.

9 Jul 2023: Paradoxically, therefore, the international financial system appears to favour profligacy rather than thrift. ... 10. Table 3: Fiscal stimulus to address the global financial and economic crisis.

9 Jul 2023: We report findings from interview research conducted with chief financial officers (CFOs) and investor relations managers from FTSE 100 companies and with chief investment officers (CIOs) and fund managers (FMs) from ... The information that CFOs convey

9 Jul 2023: LIABILITY OF FOREIGNNESS IN GLOBAL COMPETITION? FINANCIAL SERVICE MNES IN THE CITY OF LONDON. ... British financial service firms (mostly banks) before the Second World War (Jones 1993).

9 Jul 2023: shareholders in a takeover bid whilst facilitating the market for corporate control and maintaining the integrity of financial markets. ... 6) bid price is available from Thomson Financial, LexisNexis or the Financial Times; and (7) share prices are

9 Jul 2023: The Queen of England famously asked why economists had not predicted the financial crisis. ... The economics profession took its eye off the ball, failing to see what was happening in the financial sector or to appreciate its significance for the wider

9 Jul 2023: Economics theory (for critical views see Deakin et al., 2017; Milhaupt and Pistor, 2008; Schnyder, Siems and Aguilera, 2018). ... Lagged WB. Notes: WB: World Bank; WEF: World Economic Forum; FT: The Financial Times.

9 Jul 2023: Megginson et al. (1994) and applied in this paper, investigates the financial and. ... calculated, covering profitability, efficiency, capital investment, output, employment,. financial leverage and dividend payout.

9 Jul 2023: Furthermore, it has been and will be examined whether the strength of legal protection is reflected in a country’s financial development (Armour et al. ... Recent reforms, however, aim to improve creditor protection in India, for instance, by

9 Jul 2023: Conclusions are drawn in the final section. 3 . 2. The ‘Rating the Ratings’ Literature It has become increasingly common in financial economics research to use commercially provided corporate governance ratings to ... It goes beyond the scope of

9 Jul 2023: 2009: European Financial Management Symposium on Corporate Governance and Control (Cambridge); European Historical Economics Society Conference (Geneva); EurHiStock Conference (Madrid); London Business School Private Equity Conference (ca).

9 Jul 2023: Milgrom and Roberts 1992: 288). Such a viewpoint is now rarely challenged within the contemporary economics and management literature. ... and other financial institutions were interviewed as part of an exploratory study of Japanese corporate governance

9 Jul 2023: Conceptual Issues Should statistics generated from financial statements about, for example, capital structure and profitability, systematically differ across countries? ... financial systems in those countries developed and came closer to developed

9 Jul 2023: Hotchkiss and P. Feldhütter), Journal of Financial Economics, July 2016, Volume 121, Issue 1, pages 1-27. ... Louis, Boston College, University of Florida, Tilburg University, Erasmus University, Imperial College, 21st Annual Conference on Financial

9 Jul 2023: diversify their risk, and more generally contributes to liquidity within financial markets (Easterbrook and Fischel, 1990). ... of the twentieth century (Rajan and Zingales, 2003); the external shocks of depression and war have been powerful influences

9 Jul 2023: Our analysis builds on an important but largely segmented literature in financial intermediation and entrepreneurial finance (briefly surveyed in section 2). ... 0.958 1.000 0.977 0.000 3.000 71. Independent Variables Firm Financial Characteristics.

9 Jul 2023: 304. by. Ajit Singh University of Cambridge. Faculty of Economics and Politics Cambridge, CB3 9DE. ... The relevant tables are given in the Appendix.) There has been an enormous increase in financial resource flows to.

9 Jul 2023: by holding the companies in which they invest to account, not only for their financial performance but also for their corporate governance and social and ethical responsibility. ... Many have ranges of retail investment products, but their main business

9 Jul 2023: Financial Economics 7 (1979): 197-226. Dissanaike, G. “Do Stock Market Investors Overreact?” Journal of Business Finance and. ... Capital Asset Prices: Theory and Empirical Evidence.” Journal of Financial. Economics 7 (1979): 163-195.

9 Jul 2023: A number of studies have also been done of the financial contracts employed in venture capital investments outside the US. ... It seems likely that ‘law matters’ here in the sense of being able to determine the contents of financial contracts.

9 Jul 2023: global financial crisis led the more prominent activist funds to wind down a number of their Japanese investments. ... publicised interventions there has dwindled to no more than a handful in the aftermath of the global financial crisis.

9 Jul 2023: 5. and still generate a healthy portfolio return. Venture capitalists are themselves financial intermediaries, raising their investment funds from end-investors, the most important of which are institutional investors. ... 6. possibility of an IPO, but

9 Jul 2023: Acknowledgements This paper has been prepared for a special issue of the Cambridge Journal of Economics on social ontology. ... This approach would be in line with contemporary functional approaches in the economics of law, which do not see law operating

9 Jul 2023: We also observe differences in attitudes to law in product and financial markets, respectively. ... one respondent, made China less vulnerable to the global financial crisis of 2008 than western countries.

9 Jul 2023: Acknowledgements This paper was mostly written when I was visiting the Centre for Business Research in the Department of Applied Economics of the University of Cambridge (UK), during the first term ... Financial support from the British Council (B.C.

9 Jul 2023: market or cost approaches to valuing intangibles) and financial reporting regimes (e.g. ... current adoption and expected adoption post-2015). Part three considered financial reporting techniques (e.g.