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Browsing by Subject "leverage"
Now showing items 1-2 of 2
Title:Regulatory Independence, Ownership and Firm Value: The Role of Political Institutions
Author(s):BORTOLOTTI, Bernardo; CAMBINI, Carlo; RONDI, LauraDate:2011-07-01Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:We study the effect of the establishment of independent regulatory agencies on the market-to-book
ratios of publicly traded European regulated firms observed from 1994 to 2005. We find that
independent regulation in ...
Title:The Great Moderation, the Great Panic and the Great Contraction
Author(s):BEAN, CharlesDate:2010Type of Publication:Technical ReportSeries/Report no.:EUI MWP LSAbstract:This lecture examines the causes of the recent financial crisis and subsequent recession. On the macroeconomic side, the Great Moderation encouraged an overly optimistic assessment of risk. Combined with low interest rates, ...