Capital

Why Don?t All Banks Practice Regulatory Arbitrage? Evidence from Usage of Trust Preferred Securities

Taxes, Ownership and Capital Structure

Single Supervision and the Governance of Banking Markets

Banking Union: Aspects of the Single Supervisory Mechanism and the Single Resolution Mechanism Compared

Creditor Control Rights and Board Independence

Are Buybacks Good for Long-Term Shareholder Value? Evidence from Buybacks around the World

Banks, Government Bonds, and Default: What do the Data Say?

Structural Corporate Degradation Due to Too-Big-to-Fail Finance

Disclosure and Financial Market Regulation

Market Efficiency after the Financial Crisis: It?s Still a Matter of Information Costs

Capital-Market Effects of Securities Regulation: Prior Conditions, Implementation, and Enforcement

The Empty Call for Benefit-Cost Analysis in Financial Regulation

Financial Dependence and Innovation: The Case of Public versus Private Firms

Are Stock-Financed Takeovers Opportunistic?

The Effect of Creditor Rights on Bank Monitoring, Capital Structure and Risk-taking

Bank Capital and Financial Stability: An Economic Tradeoff or a Faustian Bargain?

The Real Costs of Financial Efficiency When Some Information Is Soft

Caught between Scylla and Charybdis? Regulating Bank Leverage When There is Rent Seeking and Risk Shifting