Results 191 to 200 of about 1,066,745 (255)

How Regulatory Costs Impede Financial Technology Gains

open access: yesEuropean Financial Management, EarlyView.
ABSTRACT While financial technology innovation lowers intermediation costs, regulatory frictions may prevent these gains from reaching long‐term investors and borrowers. Using variation in retail investor participation driven by state securities registration lapses in peer‐to‐peer lending, we demonstrate that regulatory frictions are associated with ...
Shyam Venkatesan   +2 more
wiley   +1 more source

Measuring Thematic Funds Performance via an Approach Based on Observable and Latent Factors

open access: yesEuropean Financial Management, EarlyView.
ABSTRACT This paper investigates whether thematic equity funds deliver abnormal performance relative to conventional global equity funds. Using Fama‐French models augmented with latent factors, we estimate fund‐level alphas, and apply the false discovery rate methodology to an estimated three‐group mixture distribution, separating good, null and bad ...
Maria Debora Braga   +2 more
wiley   +1 more source

European Ends, National Means: State Aid and the Unfinished Constitution of EU Industrial Policy

open access: yesEuropean Law Journal, EarlyView.
ABSTRACT Reimagining State Aid argues that Article 107 TFEU no longer describes what State aid control does and proposes amendments to recalibrate and narrow the notion of aid, modernise the compatibility grounds and expressly ground Commission frameworks in Article 108. This comment shares the diagnosis but disputes its cause, and thus the cure.
Dionysios Pelekis
wiley   +1 more source

Unprincipled Principals in the Accountability Chain: Autonomy and Political Control Within Tax Administration in a Developing Country Context

open access: yesFinancial Accountability &Management, EarlyView.
ABSTRACT SDG 16 emphasizes the need for accountable institutions, often based on the assumption that public officials are accountable to politicians, who in turn are accountable to citizens. However, in many developing countries, neopatrimonial governance can weaken this accountability chain, as politicians themselves may act as “unprincipled ...
Edidiong Bassey, Emer Mulligan
wiley   +1 more source

How Territorial Financial Governance Complicates Vertical Relationships in the Multi‐National United Kingdom

open access: yesFinancial Accountability &Management, EarlyView.
ABSTRACT The United Kingdom is an asymmetric polity, in part because it is a multi‐national state brought together by conquest and voluntary union. The 1998 devolution settlements for Scotland, Wales, and Northern Ireland were conceived and implemented in the context of UK membership of the European Union (EU).
David Heald
wiley   +1 more source

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