Legal Effectiveness And External Capital

Author : George Allayannis,Gregory W. Brown,Leora Klapper
Publisher : World Bank Publications
Page : 31 pages
File Size : 44,5 Mb
Release : 2005
Category : Business enterprises
ISBN : 8210379456XXX

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Legal Effectiveness and External Capital by George Allayannis,Gregory W. Brown,Leora Klapper Pdf

"Previous research has documented weak, and sometimes conflicting, effects of legal quality on measures of firm debt. Using WorldScope data for 1,689 firms, as well as more detailed proprietary data for 315 firms across nine East Asian countries, the authors find that access to foreign financing appears to loosen borrowing constraints associated with poor legal systems. This helps resolve inconsistencies in prior findings and explains how legal protection is important for borrowing by firms. In particular, they find that legal effectiveness is important for determining the amount, maturity, and currency denomination of debt. The authors discuss several mechanisms by which firms can avoid the costs of poor legal systems with foreign borrowing. The paper contributes to the policy debate surrounding the importance of creditor rights for domestic lending"--Abstract.

Author : George Allayannis,Gregory W. Brown,Leora F. Klapper
Publisher : Unknown
Page : 128 pages
File Size : 55,9 Mb
Release : 2012
Category : Electronic
ISBN : OCLC:931674419

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Legal Effectiveness and External Capital by George Allayannis,Gregory W. Brown,Leora F. Klapper Pdf

Previous research has documented weak, and sometimes conflicting, effects of legal quality on measures of firm debt. Using WorldScope data for 1,689 firms, as well as more detailed proprietary data for 315 firms across nine East Asian countries, the authors find that access to foreign financing appears to loosen borrowing constraints associated with poor legal systems. This helps resolve inconsistencies in prior findings and explains how legal protection is important for borrowing by firms. In particular, they find that legal effectiveness is important for determining the amount, maturity, and currency denomination of debt. The authors discuss several mechanisms by which firms can avoid the costs of poor legal systems with foreign borrowing. The paper contributes to the policy debate surrounding the importance of creditor rights for domestic lending.

Author : Anonim
Publisher : Lulu.com
Page : 294 pages
File Size : 52,6 Mb
Release : 2004
Category : Bank capital
ISBN : 9789291316694

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International Convergence of Capital Measurement and Capital Standards by Anonim Pdf

Author : Graham Butler,Ramses A Wessel
Publisher : Bloomsbury Publishing
Page : 1047 pages
File Size : 52,8 Mb
Release : 2022-06-02
Category : Law
ISBN : 9781509939701

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EU External Relations Law by Graham Butler,Ramses A Wessel Pdf

Marking the 50th anniversary of the influential ERTA doctrine, this book analyses and contextualises the entire breadth of the jurisprudence of EU external relations law through a systematic, case-by-case account of the field. The entire framework of EU external relations law has been built from the ground up by the jurisprudence of the Court of Justice of the European Union. At the beginning of the field's emergence, the legal questions to be answered concerned the division of powers and competence between, firstly, the Member States and that of the Union; and secondly, the division of powers and competence between the different institutions of the Union. Questions on such matters continue to be asked, but more contemporarily, new legal questions have arisen that have been in need of adjudication, including questions concerning the autonomy of Union law; the relationship between the Union and other international organisations; the relationship between Union law and international law; the scope and breadth of international agreements; amongst others. The book features established academic scholars, judges, agents of institutions and Member States, and legal practitioners in the field of EU external relations law, analysing over 90 cases in which the Court has legally shaped the theory and practice of the external dimension of legal Europe.

Author : Bryan Mercurio
Publisher : Cambridge University Press
Page : 243 pages
File Size : 54,6 Mb
Release : 2023-05-31
Category : Law
ISBN : 9781009050753

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Capital Controls and International Economic Law by Bryan Mercurio Pdf

Focusing on capital controls, this study provides rigorous legal analysis to establish whether the mandate of the International Monetary Fund (IMF) extends to the capital account; that is, whether the IMF has the authority to control and/or regulate the use of capital controls by its member states. The book then analyses whether a country's use of capital controls is consistent with the obligations and commitments undertaken in various multilateral and bilateral trade and investment agreements. Finally, it analyses the tension within international economic law, as the IMF now encourages the use of capital controls under certain circumstances, while most trade/investment agreements prohibit or limit their use. Proposing a way forward to alleviate the tension and construct a more harmonious relationship between the norms and standards of finance, trade and investment, this study will be essential reading for policymakers.

Author : Michael De Boeck
Publisher : BRILL
Page : 525 pages
File Size : 43,5 Mb
Release : 2022-07-04
Category : Law
ISBN : 9789004501652

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EU Law and International Investment Arbitration by Michael De Boeck Pdf

EU Law and International Investment Arbitration thoroughly examines the compatibility of ISDS provisions in extra-EU BITs and the Energy Charter Treaty with the autonomy of EU law, and is a must read for all magistrates and investment practitioners involved in investment arbitrations in or with the EU, as well as for academics interested in the participation of the EU to international dispute resolution or the constitutional construction of the EU judicial system.

Author : American Bar Association. House of Delegates,Center for Professional Responsibility (American Bar Association)
Publisher : American Bar Association
Page : 216 pages
File Size : 41,6 Mb
Release : 2007
Category : Law
ISBN : 1590318730

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Model Rules of Professional Conduct by American Bar Association. House of Delegates,Center for Professional Responsibility (American Bar Association) Pdf

The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts.

Author : Henry Osborn Taylor
Publisher : Unknown
Page : 740 pages
File Size : 46,9 Mb
Release : 1884
Category : Corporation law
ISBN : UOM:35112105002671

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A Treatise on the Law of Private Corporations Having Capital Stock by Henry Osborn Taylor Pdf

Author : Alain Marciano,Jean-Michel Josselin
Publisher : Edward Elgar Publishing
Page : 432 pages
File Size : 40,6 Mb
Release : 2005-01-01
Category : Political Science
ISBN : 1845426797

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Law and the State by Alain Marciano,Jean-Michel Josselin Pdf

Law and the State provides a political economy analysis of the legal functioning of a democratic state, illustrating how it builds on informational and legal constraints. It explains, in an organised and thematic fashion, how competitive information enhances democracy while strategic information endangers it, and discusses how legal constraints stress the dilemma of independence versus discretion for judges as well as the elusive role of administrators and experts. Throughout the book, empirical evidence and comparative studies illuminate sometimes provocative theoretical views on issues such as: the place of the rule of law in constitutional and banking systems; regulation of copyright, art and heritage; innovations and technologies of communication and information; terrorism and media manipulation. Both private and public law, applied and theoretical issues are covered comprehensively. Academics and researchers of law and economics and public choice will find much to challenge and inform them within this book.

Author : Mohamed
Publisher : Martinus Nijhoff Publishers
Page : 400 pages
File Size : 52,9 Mb
Release : 2023-09-20
Category : Law
ISBN : 9789004638334

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European Community Law on the Free Movement of Capital and Emu by Mohamed Pdf

This book deals with the EC rules on the free movement of capital and economic and monetary union (EMU). In the context of capital freedom, the author performs a critical analysis, supported by case law, of the problems connected with the abolition of capital controls within the European Community and between the European Community and third countries. The book highlights some of the negative consequences of capital freedom, such as the scope for tax evasion and money laundering. EC rules on EMU, such as the rules on convergence criteria, Stability and Growth Pact, the euro and the continuity of contract, and others, are also presented in a detailed and critical manner.

Author : Ruud A.I. van Frederikslust,James S. Ang,P.S. Sudarsanam
Publisher : Routledge
Page : 780 pages
File Size : 45,5 Mb
Release : 2007-12-18
Category : Business & Economics
ISBN : 9781134136056

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Corporate Governance and Corporate Finance by Ruud A.I. van Frederikslust,James S. Ang,P.S. Sudarsanam Pdf

Pt. 1. Alternative perspectives on corporate governance systems -- pt. 2. Equity ownership structure and control -- pt. 3. Corporate governance, underperformance and management turnover -- pt. 4. Directors' remuneration -- pt. 5. Governance, performance and financial strategy -- pt. 6. On takeover as disciplinary mechanism.

Author : World Bank
Publisher : Unknown
Page : 290 pages
File Size : 42,9 Mb
Release : 2005
Category : Economic assistance
ISBN : UCBK:C077559080

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World Bank Research Program by World Bank Pdf

Author : Katharina Pistor
Publisher : Princeton University Press
Page : 315 pages
File Size : 50,8 Mb
Release : 2020-11-03
Category : Business & Economics
ISBN : 9780691208602

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The Code of Capital by Katharina Pistor Pdf

"Capital is the defining feature of modern economies, yet most people have no idea where it actually comes from. What is it, exactly, that transforms mere wealth into an asset that automatically creates more wealth? The Code of Capital explains how capital is created behind closed doors in the offices of private attorneys, and why this little-known fact is one of the biggest reasons for the widening wealth gap between the holders of capital and everybody else. In this revealing book, Katharina Pistor argues that the law selectively "codes" certain assets, endowing them with the capacity to protect and produce private wealth. With the right legal coding, any object, claim, or idea can be turned into capital - and lawyers are the keepers of the code. Pistor describes how they pick and choose among different legal systems and legal devices for the ones that best serve their clients' needs, and how techniques that were first perfected centuries ago to code landholdings as capital are being used today to code stocks, bonds, ideas, and even expectations--assets that exist only in law. A powerful new way of thinking about one of the most pernicious problems of our time, The Code of Capital explores the different ways that debt, complex financial products, and other assets are coded to give financial advantage to their holders. This provocative book paints a troubling portrait of the pervasive global nature of the code, the people who shape it, and the governments that enforce it."--Provided by publisher.

Author : Charles J. Johnson (Jr.),Joseph McLaughlin,Anna T. Pinedo
Publisher : Wolters Kluwer Law & Business
Page : 1728 pages
File Size : 53,5 Mb
Release : 2024-07-01
Category : Corporations
ISBN : 9781543881806

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Corporate Finance and the Securities Laws by Charles J. Johnson (Jr.),Joseph McLaughlin,Anna T. Pinedo Pdf

Author : Mr.Joseph Gold
Publisher : International Monetary Fund
Page : 500 pages
File Size : 47,5 Mb
Release : 1990-03-15
Category : Business & Economics
ISBN : 9781475506921

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Legal Effects of Fluctuating Exchange Rates by Mr.Joseph Gold Pdf

This volume, by Joseph Gold, discusses some of the major letgal effects of fluctuating exchange rates in both public international law and national law. The problems and similarities in the solutions are reviewed, and the author recommends further developments in the law.