scholarly journals Financial Regulation, Clientele Segmentation, and Stock Exchange Order Types

2021 ◽  
Author(s):  
Sida Li ◽  
Mao Ye ◽  
Miles Zheng
Keyword(s):  
Financial Regulation ◽  
Stock Exchange ◽  
Order Types

scholarly journals Violation regulation of financial services authority (FSA), financial performance, and corporate social responsibility disclosure

2016 ◽  
Vol 19 (1) ◽  
pp. 141 ◽  
Author(s):  
Habib Muhammad Shahib ◽  
Soni Agus Irwandi
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Financial Regulation ◽  
Good Governance ◽  
Stock Exchange ◽  
Legitimacy Theory ◽  
Financial Regulations ◽  
Corporate Social Responsibility Disclosure ◽  
Corporate Social

So far, there has been a bureaucracy reform and implementation of new regulations for good governance capital markets. However, policy violations are still frequent. For example, cases of violation of financial regulations leading to fraudulent financial reporting occurred in several companies listed on the Indonesia Stock Exchange. This study aims to examine the empirical facts related to the legitimacy theory with-in the scope of violation of financial regulation, financial performance and social responsibility disclosure of non-financial companies in Indonesia Stock Exchange. The data were obtained from the Indonesia Stock Exchange. There were 24 non-financial violator-companies of financial regulation chosen as the sample. These data, in relation to the research hypotheses, were analyzed by using a path analysis test. The result showed there were no significant effect of the violations of financial regulations on financial performance and the level of corporate social responsibility disclosure. Therefore, this study confirms legitimacy theory in different forms.

Part III Regulation of Financial Products, 8 Financial Derivatives

2016 ◽  
Author(s):  
Arner Douglas W ◽  
Hsu Berry FC ◽  
Goo Say H ◽  
Johnstone Syren ◽  
Lejot Paul ◽  
...  
Keyword(s):  
Financial Regulation ◽  
Stock Exchange ◽  
Financial Derivatives ◽  
Risk Transfer ◽  
Financial Products ◽  
Derivative Instruments ◽  
Credit Risk Transfer ◽  
Financial Derivative ◽  
Market Practice ◽  
Derivative Market

This chapter examines the financial derivative instruments traded and used in Hong Kong. The chapter describes the current main types of financial derivatives, their uses and risks, and examines Hong Kong’s twofold approach to their regulation. It also raises questions that may not be fully addressed in any major financial jurisdiction; for example, how the law accounts for relatively new, sophisticated contracts, especially in relation to user protection; whether related areas of law such as bankruptcy may conflict with what has become customary derivative market practice; and how credit risk transfer facilitated by derivative instruments may conflict with established precepts of financial regulation. Lastly, it considers whether links between the territory’s regulators and the stock exchange are well-suited to the supervision of certain derivative activity and to investor protection.

Going public in interwar Britain

2010 ◽  
Vol 17 (1) ◽  
pp. 51-71 ◽  
Author(s):  
David Chambers
Keyword(s):  
Initial Public Offerings ◽  
Financial Regulation ◽  
Capital Expenditure ◽  
Stock Exchange ◽  
Survival Rates ◽  
Order Theory ◽  
Pecking Order ◽  
Going Public ◽  
Pecking Order Theory ◽  
Public Offerings

Utilising a new sample of interwar initial public offerings (IPOs), I consider the effectiveness of the interwar stock market for firms going public. Consistent with the pecking order theory, IPO proceeds contributed only modestly to domestic industry's capital expenditure needs. IPOs of capital-hungry new manufacturing industries raised no more finance than did the rest of manufacturing. This was in part attributable to the detrimental effect of weak financial regulation on investor appetite for newer, riskier enterprises. In terms of the quality of firms allowed onto the market, IPO survival rates of the early and late 1920s were shockingly low, just as earlier research has shown. However, survival rates rebounded strongly in the following decade due not only to the economic recovery but also to tougher scrutiny of listing applications by the London Stock Exchange.

Determinants of stock exchange integration: evidence in worldwide perspective

2014 ◽  
Vol 41 (2) ◽  
pp. 292-316 ◽  
Author(s):  
Ekaterina Dorodnykh
Keyword(s):  
Regional Integration ◽  
Market Integration ◽  
Financial Regulation ◽  
Financial Integration ◽  
Negative Impact ◽  
Stock Exchange ◽  
Financial Contagion ◽  
Exchange Market ◽  
Corporate Structure ◽  
Content Type

Purpose – This paper contains an empirical analysis of determinants of international integration projects over the time period 1995-2010. After a broad discussion of the existent literature, the investigation combines a large number of potentially relevant determinants for the explanation of whether stock exchanges are participating in formal integration projects. The paper aims to discuss these issues. Design/methodology/approach – The methodology is based on multistage statistical data analysis, using correlation and cluster analyses to investigate the presence of integration trend between existing stock exchange projects, while multivariable logit regression examines the determinants of stock exchange integration. Findings – The paper confirms empirically the set of drivers of financial integration. Moreover, the paper provides quantitative estimations of probability of stock exchange integration estimated for different explanatory variables. The paper demonstrates that financial harmonization, cross-membership-agreements, for-profit corporate structure, trading engine and regional integration are important drivers of stock exchange integration. By contrast, high size of stock exchange market has negative impact on the likelihood of successful merger. This result is, especially, important in terms of financial regulation. Practical implications – Results highlight the importance of stock exchange market in terms of exposure to systemic shocks and the linkages with the overall size of the economy. Originality/value – The paper contributes to the existing literature and extends the analysis of determinants of stock exchange integration. In particular, the existence of de jure stock market integration projects suggests to design a special regulatory framework in order to benefit the important consequences of the integration phenomenon and to decrease the risk of financial contagion.

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