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Market making in international capital markets: Challenges and benefits of its implementation in emerging markets
(2009)
Purpose - The purpose of this paper is to critically evaluate the different market-making systems found in most developed capital markets and to provide guidance to emerging market regulators for a possible implementation ...
Independent directors and defined benefit pension plan freezes
(2018)
We study the role of outside directors in defined benefit pension plan freezes, where the interests of shareholders are in apparent conflict with the interests of firm employees. We examine the effect of independent directors ...