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9 Jul 2023: way of managing the problem.56 Financial economists speak of the bank acting. ... finance, and that consequently this may be hampering the resolution of financial.

9 Jul 2023: 288. By. Jack Glen IFC. and. Ajit Singh. University of Cambridge Faculty of Economics and Politics. ... The controlling shareholders were able to maintain control with the help of financial institutions, many of which were directly under government

9 Jul 2023: A related set of financial studies – the so-called ‘events studies’ – suggest, however, that in US take-overs the acquiring firms suffer a sizeable decline in share prices in the period ... In a closely related but more general sense, the

9 Jul 2023: this legal support has led to an increased level of financial development (La Porta et al., 2008). ... Periodic (mostly quinquennial) averages of these indicators of financial development are plotted in Figures 9 and 10.

9 Jul 2023: 250. by. Ajit Singh (Professor of Economics). Queens' College University of Cambridge, CB3 9ET. ... 2. other Asian economies. Whereas previous crises had struck economies with a history of financial instability and low growth, such as Mexico in 1995, the

9 Jul 2023: of financial intermediaries. ... To illustrate, consider the position of owners of financial assets in the UK prior to World War I.

6 Dec 2023: Contact js782@cam.ac.uk Publication September 2008. Financial Constraints and FirmsInvestment: Results of a. ... Natural Experiment Measuring Firm Response to Power. Interruption. Jevgenijs Steinbuksy. Department of Economics, University of Cambridge.

9 Jul 2023: It is, however, taken forward from its standard form in the financial economics literature by being interpreted in a high technology context and pegged to specific target innovative characteristics. ... Because of the high technology focus of this study,

9 Jul 2023: The law and. economics of self-dealing.’ Journal of Financial Economics 88 (3), 430–465. ... The Anti-director Rights Index Revisited.’ Review of Financial. Studies 23 (2), 467–486.

7 Dec 2023: Limits to Ar-. bitrage and Hedging: Evidence from Commodity Markets. Journal of Financial. ... Journal of. Economics & Management Strategy 22, 125—139. Chen, Yongmin and Marius Schwartz (2013).

19 Oct 2023: Besides these financial penalties, restricted access to financing or other forms of government subsidies are also used to deter non-compliance. ... It is a good indicator of the economy and activities in the financial market in China.

9 Jul 2023: 1998) of the impact of cross-national differences in shareholder rights on financial development and growth. ... The outcome variables in this study consisted of country-level measures of financial development, drawn from the IMF’s Financial Structure

3 Jul 2024: financial products.10 Figure 1 shows a simplified illustration of the carbon offset market. ... For instance,. while banks and other financial institutions offset almost every unit of their emissions on a.

9 Jul 2023: Abstract This paper comprises the long introduction to the symposium of five papers on financial globalisation published in the Cambridge Journal of Economics, volume 34, no 2. ... 2010) ‘Capital Account Liberalisation and Poverty:. How Close is the

9 Jul 2023: Journal of Financial Economics, 104(3):519–534. Allen, F. and Gale, D. (2001). ... Journal of Financial Stability, 20:70–81. Poledna, S. and Thurner, S. (2014).

9 Jul 2023: Where modern comparative legal studies and the ‘new comparative economics’ find some common ground is in the concept of ‘legal cultures’ which have the potential to shape approaches to regulation. ... of the twentieth century (Rajan and Zingales,

9 Jul 2023: Whilst Silicon Valley’s success is surely a multi-faceted story, one key to its dynamism appears to be the use of venture capital, a form of financial intermediation that seems ... 6. possibility of an IPO, but on the ownership of the company’s

9 Jul 2023: One silver lining of the Asian financial crises has been that international financial organizations have allocated more resources to research on these issues for emerging markets. ... 4 See Mullins (1993), Levine (1997) and Singh (1997, 1999b). 5 For a

9 Jul 2023: The MICP index of financial competition captures the progress of regional financial deregulation, FIN_DREG. ... FIN_DREG The MICP index of financial development based on the percentage of deposits at non-state financial institutions in total provincial

9 Jul 2023: Franks, J. and Mayer, C. (1996), ‘Hostile Take-overs and the. Correction of Managerial Failure’, Journal of Financial Economics, Vol. ... Managerial Behaviour, Agency Costs and Ownership Structure’, Journal of Financial Economics, 305-360.

9 Jul 2023: board shareholdings for the sample of 363 acquirers, which we classify as either financial. ... external shareholders, with the median acquirer having a financial holding of 5.31 percent.

6 Dec 2023: EPRG Working Paper 1019. Cambridge Working Paper in Economics 1041. Andreas Ehrenmann and Yves Smeers. ... JEL Classification D58, D81, Q40,. Contact andreas.ehrenmann@gdfsuez.com Publication September 2010 Financial Support GDF SUEZ.

9 Jul 2023: All institutional investors engage in some monitoring of the companies in which they invest, analysing their financial reports and strategic statements and, in the case of the larger institutions, meeting with ... Many have ranges of retail investment

11 Dec 2023: Hung Do a, Rabindra Nepal b and Tooraj Jamasb c. a School of Economics and Finance, Massey University, New Zealand. ... 9. the concepts of semivariance in empirical studies on financial markets and support the notion.

9 Jul 2023: global financial crisis led the more prominent activist funds to wind down a number of their Japanese investments. ... During the spring of 2007 TCI mounted a campaign of financial arguments for restructuring, which included a proposal to double the

9 Jul 2023: Certain forms of financial contract complement more effectively particular types of industry: debt is suited to manufacturing, where there are hard assets to pledge as collateral; whereas equity is more appropriate ... A second major legal reform

9 Jul 2023: The supply of financial products is often still monopolized by state-owned enterprises and leaves little option for private actors, who must take or leave what is on offer. ... one respondent, made China less vulnerable to the global financial crisis of

9 Jul 2023: damental to the study of choice under uncertainty, a better understanding of financial. ... 9. Electronic copy available at: https://ssrn.com/abstract=3612799. Hypothesis 2: The influence of financial attention stimuli on financial risk-taking is.

9 Jul 2023: Hence, in order to forestall future crises, G-7 countries under the New International Financial Architecture, have proposed, interalia, reform of the corporate system in emerging markets.2 Whether or not ... III. Data Description The data consist of

9 Jul 2023: The corporate governance rules applying to firms listed on the Novo Mercado contain many features of financial market regimes applying in western Europe and north America, including proportionate voting (one-share, ... This insight is supported by

9 Jul 2023: Orthodox economics is nevertheless convinced about the economic efficiency of the global integration of financial markets. ... 2 For differing views of the crisis from mainstream and heterodox economists, see the following: Aiginger (2009), Arestis and

9 Jul 2023: themselves to the analysis of very high-level operational and financial data, we can. ... The measures of financial leverage consistently show a. significant de-leveraging of privatised NOCs, in line with theoretical arguments and.

5 Dec 2023: Judge Business School, University of Cambridge, England Faculty of Economics, University of Cambridge, England. ... In other words, assessing the economics of a nuclear or CCGT power plant investment from a.

9 Jul 2023: Jadavpur University, Kolkata prabirjit@gmail.com. Ajit Singh Emeritus Professor of Economics, University of Cambridge. ... Section 4 presents econometric analysis concerning the relationship between legal reforms and economic outcomes in the area of

9 Jul 2023: Elena A Medova Centre for Financial Research. Judge Institute of Management University of Cambridge Email: eam28@cam.ac.uk. ... Robert G Smith Centre for Financial Research. Judge Institute of Management University of Cambridge Email: rgs22@cam.ac.uk.

9 Jul 2023: Keynes rejected this idea: ‘It is not a correct deduction from the principles of economics that enlightened self-interest always operates in the public interest. ... financial crisis – the shareholder primacy model of corporate governance and purpose

9 Jul 2023: 2020, 2020 Bergen FinTech conference, 2021 Stevens Institute of Technology Conference on Financial Innovation,. ... firm behavior would be an important contribution as the number of financial technology platforms.

9 Jul 2023: convenience yields outweigh the cost of lower average financial returns. This provides in-. ... financial returns of collectibles. Note that the higher transaction costs of physical collectibles.

9 Jul 2023: former power, institutional investors, who control the lion’s share of financial resources, and managers, who control the operations of their companies, are seen as the dominant rivals, competing against each ... Agency theory is no longer simply a

9 Jul 2023: Asset commonality, debt maturity and systemic risk. Journal of Financial Economics 104, 519–534. ... Lending relationships in the interbank market. Journal of Financial Intermediation 18, 24–48.

9 Jul 2023: Some of the costs. are therefore very difficult to estimate. There is one other difference in the economics of the two sorts of deferred costs. ... the BNFL contracts were renegotiated as part of British Energy’s financial restructuring.

2 Jul 2024: intangibles has timely implications for the Financial Accounting Standards Board’s agenda on. ... We remove. financial services firms from the sample because their investment decisions differ from those of.

19 Oct 2023: Journal of Financial Economics, 36(1), 3-27. Hoesli, M., & Reka, K. ... A potential rational explanation for holding concentrated portfolios. Journal of Financial.

9 Jul 2023: Econometric analysis was then used to show that ‘legal investor protection is a strong predictor of financial development’ (La Porta et al., 2008: 286), as measured by the level of stock ... countries at important points in their de-velopment, or

9 Jul 2023: currency in economics, of the private as well as the public sector, see Krueger (1974) and. ... value creation at the level of the firm. - The four determinants are derived from an integration and extension of economics,.

11 Dec 2023: 995-1013. Jensen, M.C. & Meckling, W.H. (1976), Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure, Journal of Financial Economics, Vol. ... Electric Power Distribution, Journal of Regulatory Economics, 38, pp. 86-109. Meyer, R.

9 Jul 2023: Performance Pricing in Bank Debt Contracts. Journal of Accounting & Economics 40, 101-128. ... Journal of Accounting and Economics 17, 281-308. Watts, R.L., Zimmerman, J.L., 1986.

19 Oct 2023: Abstract. Overconfidence is one of the most robust behavioral anomalies in financial markets. ... However, upon. the onset of the global financial crisis in 2007, the market capitalization and the number of.

6 Dec 2023: Demonstrating the generation of electricity with Accelerator-Driven. Subcritical Reactor (ADSR) technology will incur substantial financial. ... There is therefore a significant financial risk associated with the construction of a nuclear power station.

9 Jul 2023: Publications since 2015 have been on subjects such as active ownership (Review of Financial Studies), real assets (Journal of Financial Economics), financial history (Journal of Financial and Quantitative Analysis), endowment strategy ... After