Regulatory sanctions and reputational damage in financial markets

We study the impact of the enforcement of financial regulation by the United Kingdom’s regulatory authorities on the market price of penalized firms. Existing studies rely on analyses of multiple events that may distort the measurement of reputational losses. In the United Kingdom, the entire enforc...

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Bibliographic Details
Main Authors: Armour, J, Mayer, C, Polo, A
Format: Journal article
Language:English
Published: Cambridge University Press 2017