Wiley-Blackwell: Journal of Applied Corporate Finance最新文献

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CARE/CEASA Roundtable on: Liquidity and Capital Management CARE/CEASA圆桌会议:流动性和资本管理
Wiley-Blackwell: Journal of Applied Corporate Finance Pub Date : 2012-03-01 DOI: 10.1111/j.1745-6622.2012.00364.x
Charles W. Calomiris, Murillo Campello, Mark Lang, Florin P. Vasvari
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引用次数: 0
Demutualization and Corporate Governance of Stock Exchanges 股份化与证券交易所公司治理
Wiley-Blackwell: Journal of Applied Corporate Finance Pub Date : 2002-11-25 DOI: 10.2139/SSRN.327360
Reena Aggarwal
{"title":"Demutualization and Corporate Governance of Stock Exchanges","authors":"Reena Aggarwal","doi":"10.2139/SSRN.327360","DOIUrl":"https://doi.org/10.2139/SSRN.327360","url":null,"abstract":"Securities exchanges all over the world are demutualizing and converting from non-profit mutual organizations to for-profit, investor owned corporations. Several exchanges have become publicly traded companies and are listed on the exchange itself. The dramatic changes in the organizational form of the exchanges reflect major changes in their business environment caused by intense global competition and advances in technology. Some of the traditional sources of revenue, such as listing fees, membership fees, and sale of information services and market data are becoming less important. Transactions fee will continue to be one of the most important sources of revenue and exchanges that can attract liquidity will succeed. Exchanges are adding new products and services to expand their revenue base. Typically, exchanges have operated as self-regulatory organizations and the new organizational structure has raised a number of regulatory issues. There are concerns about the inherent conflict of interest between the business operations and the regulatory obligations. However, demutualized exchanges argue that enforcing a good regulatory framework is critical to an exchange's commercial success.","PeriodicalId":102476,"journal":{"name":"Wiley-Blackwell: Journal of Applied Corporate Finance","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2002-11-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129702908","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 138
Recent Developments in German Capital Markets and Corporate Governance 德国资本市场与公司治理的最新发展
Wiley-Blackwell: Journal of Applied Corporate Finance Pub Date : 2001-09-01 DOI: 10.2139/ssrn.316123
E. Nowak
{"title":"Recent Developments in German Capital Markets and Corporate Governance","authors":"E. Nowak","doi":"10.2139/ssrn.316123","DOIUrl":"https://doi.org/10.2139/ssrn.316123","url":null,"abstract":"Financial economists continue to point to Germany as a relatively successful model of a \"bank-centered,\" as opposed to a market-based, economy. But few seem to recognize that, in the years leading up to World War I, German equity capital markets were among the most highly developed in the world. Although there are now only about 750 companies listed on German stock exchanges, in 1914 there were almost 1,200 (as compared to only about 600 stocks then listed on the New York Stock Exchange). 2001 Morgan Stanley.","PeriodicalId":102476,"journal":{"name":"Wiley-Blackwell: Journal of Applied Corporate Finance","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2001-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134522521","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 46
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