Browsing Handelshøyskolen BI by Journals "The Review of Financial Studies"
Now showing items 1-2 of 2
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Liquidity and shareholder activism
(Journal article; Peer reviewed, 2015)Blockholders' incentives to intervene in corporate governance are weakened by free-rider problems and high costs of activism. Theory suggests activists may recoup expenses through informed trading of target rms' stock ... -
Safe Haven CDS Premiums
(Journal article; Peer reviewed, 2018)Credit default swaps can be used to lower the capital requirements of dealer banks entering into uncollateralized derivatives positions with sovereigns. We show in a model that the regulatory incentive to obtain capital ...