Keresés
Keresési eredmények
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Ügynökök és bennfentesek – A bennfentes kereskedelem és az ügynök–költség összefüggései
54-64Megtekintések száma:181This paper examines insider trading regulation regulations from the viewpoint of agency costs. An overview is given regarding the different definitions of insider trading in jurisprudence which helps establishing the essence of this behaviour. The author also aims to give an insight to the agency problem and agency costs which arise in a business organisation with separate ownership and management. Only through that can be the effects of insider trading demonstrated on agency costs. The article aims to give a balanced overview by enumerating reasons whether insider trading increases or decreases agency costs. If it raises agency costs then prohibition is justified. If it decreases agency costs, e.g. it serves as a more efficient compensation mechanism, then allowing insider trading might be more beneficial.
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Felfedezni a fedezetlent? – Körkép hedge fundokban rejlő lehetőségekről és kockázatokról
3-19Megtekintések száma:174The first thing that comes to one’s mind about hedge funds is risk taking and excelled level of profitability. However, the operation of hedge funds is a disputed and sometimes contradicted process and market participants often express their doubt about the effects of the phenomenon. Therfore, the role of legal regulation is crucial at this field. Avoiding the effect of the afore mentioned regulations is however still intended by many funds that operate all over the world. This paper intends to offer a deeper insight in to the world of hedge funds and the regulatory background. In light of the 2007-2009 financial crisis the topic seems to be evergreen and the future of hedge funds largely depends on the application of the regulatory reforms based on the recent experiences.