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