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Money Laundering with Cryptocurrency: Open Doors and the Regulatory Dialectic
In: Dupuis, D. and Gleason, K. "Money laundering with cryptocurrency: open doors and the regulatory dialectic." (2020), Journal of Financial Crime, forthcoming (accepted for publication July 3, 2020).
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CAPITAL STRUCTURE, SHAREHOLDER RIGHTS, AND CORPORATE GOVERNANCE
In: The journal of financial research: the journal of the Southern Finance Association and the Southwestern Finance Association, Band 30, Heft 1, S. 21-33
ISSN: 1475-6803
AbstractWe show how capital structure is influenced by the strength of shareholder rights. Our empirical evidence shows an inverse relation between leverage and shareholder rights, suggesting that firms adopt higher debt ratios where shareholder rights are more restricted. This is consistent with agency theory, which predicts that leverage helps alleviate agency problems. This negative relation, however, is not found in regulated firms (i.e., utilities). We contend that this is because regulation already helps alleviate agency conflicts and, hence, mitigates the role of leverage in controlling agency costs.
The Diminishing Scientific Impact of New Research in Finance
In: forthcoming, Critical Finance Review
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Going public to pursue acquisitions
In: The quarterly review of economics and finance, Band 47, Heft 2, S. 331-351
ISSN: 1062-9769
The evidence from Canadian firms on multinational diversification and performance
In: The quarterly review of economics and finance, Band 41, Heft 4, S. 561-578
ISSN: 1062-9769
Portfolio Performance Implications of Investment in Renewable Energy Equities: Green Versus Gray
In: Lean, H. H., Pizzutilo, F., Gleason, K. (2023), Portfolio performance implications of investment in renewable energy equities: Green versus gray, Corporate Social Responsibility and Environmental Management, pp. 1– 16. https://doi.org/10.1002/csr.2533
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Sources of Intraday Noise
In: The journal of trading: JOT, Band 2, Heft 2, S. 37-52
ISSN: 1559-3967
THE USE OF ACQUISITIONS AND JOINT VENTURES BY U.S. BANKS EXPANDING ABROAD
In: The journal of financial research: the journal of the Southern Finance Association and the Southwestern Finance Association, Band 29, Heft 4, S. 503-522
ISSN: 1475-6803
AbstractWe examine international bank expansions, which are classified as banking (scale related) or nonbanking (complementary) moves into developed or developing markets. The market responds favorably to expansions through joint ventures by U.S. banks, and insignificantly to expansions through acquisitions. Accounting and operating performances (for joint venture banks) and long‐period holding returns (for acquisitions) show improvement in the two years following the announcement. Systematic risk declines for the sample overall, for acquisitions, and for expansions into developing countries. In general, scale or developing expansions are better pursued through acquisitions, whereas complementary or developed expansions are best pursued through joint ventures.
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